Shares of Cleveland BioLabs Inc. (NASDAQ:CBLI) traded today at $10.75, eclipsing its 52-week high. This new high was reached on above average trading volume as 19.7 million shares traded hands, while the average 30-day volume is approximately 350,000 shares.
Cleveland BioLabs Inc is a biopharmaceutical company. The company is developing novel approaches to activate the immune system and address serious medical needs. Its proprietary platform of Toll-like immune receptor activators has applications in the mitigation of radiation injury and immuno-oncology. Its lead product candidate is entolimod, an immuno-stimulatory agent, which is developed as a radiation countermeasure and immunotherapy for oncology and other indications. Entolimod is a Toll-like receptor 5 (TLR5) agonist, which is developed as a radiation countermeasure for prevention of death from Acute Radiation Syndrome (ARS), and as an oncology drug.
In the past 52 weeks, shares of Cleveland BioLabs Inc. have traded between a low of $1.27 and a high of $10.75 and is now at $8.42, which is 563% above that low price.
Potential upside of 3.3% exists for Cleveland BioLabs Inc., based on a current level of $8.42 and analysts’ average consensus price target of $8.69.
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