Proteo (OTCMKTS:PTEO) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Proteo, Inc. (OTCMKTS:PTEOGet Free Report)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.09 and traded as low as $0.09. Proteo shares last traded at $0.09, with a volume of 0 shares trading hands.

Proteo Stock Performance

The stock’s fifty day moving average price is $0.09 and its 200-day moving average price is $0.09.

Proteo Company Profile

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Proteo, Inc, a clinical stage drug development company, intends to develop, promote, and market pharmaceuticals and other biotech products. The company focuses on the development of pharmaceuticals based on Elafin, a human protein that naturally occurs in human skin, lungs, and mammary glands for use in the treatment of post-surgery damage to tissue; complications resulting from organ transplantation; pulmonary hypertension; and injuries caused by accidents, cardiac infarction, and other diseases.

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