Since last time, when Kraig Biocraft Laboratories Inc. (PINK:KBLB) was featured on pinkinvesting.com, KBLB shares have depreciated by more than 36%, and trading volume has dwindled significantly. On the last trading session the stock lost 5% of its share value and closed the day at $0.076. The number of traded shares amounted to 980 thousand.
Apparently the stock has been consistently losing its attractiveness, even though two months ago it announced that it has discovered a revolutionary technology....
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On Sept. 29, it was announced that the joint efforts of the University of Notre Dame, the University of Wyoming and Kraig Biocraft Laboratories Inc. (OTC:KBLB) to produce silkworms for spinning artificial spider silk, had been crowned with success. At first, KBLB stock price reacted tentatively, as in the next two days the downward trend continued and traded volume decreased. However, at the beginning of this week, the stock price started to move up and the number of traded shares slowly...
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