At close of market on Friday, Kraig Biocraft Labs Inc (OTCQB:KBLB) stock finished trading at +9.42%, bringing the stock price to $0.29 on the OTCQB – U.S. Registered. The stock price saw a low of $0.25 and a high of $0.31.
The company’s stock was traded 545 times with a total of 5,098,205 shares traded.
Kraig Biocraft Labs Inc has a market cap of $243.7 million, with 835.73 million shares in issue.
Kraig Biocraft Laboratories Inc is engaged in the development of high strength fibers using recombinant DNA technology mainly for commercial applications in both the specialty fiber and technical textile industries. It uses genetic engineering technologies to develop fibers with greater strength, resiliency and flexibility for use in its target markets, namely the textile, specialty fiber and technical textile industries. Its principle offering is a genetically engineered spider silk known as Monster Silk which is a composite fiber, spun by its line of transgenic silkworms. It generates the majority of its revenues from its business across the United States.
