ZIVO Bioscience (NASDAQ:ZIVO) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

ZIVO Bioscience, Inc. (NASDAQ:ZIVO)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.49 and traded as low as $9.00. ZIVO Bioscience shares last traded at $9.00, with a volume of 746 shares changing hands.

ZIVO Bioscience Stock Performance

The stock has a market cap of $32.99 million, a price-to-earnings ratio of -1.71 and a beta of 0.20. The business’s 50 day moving average is $9.35 and its 200-day moving average is $12.46.

About ZIVO Bioscience

ZIVO Bioscience is a clinical-stage biotechnology company focused on developing precision live biotherapeutics to prevent and treat gastrointestinal infections in both animal and human health markets. The company applies synthetic biology, microbiology and fermentation technologies to engineer proprietary bacterial strains that produce targeted lactic acid and antimicrobial compounds. Its pipeline includes ZB-01, an orally administered therapy for recurrent Clostridioides difficile infections in humans, and ZB-02, a feed-additive candidate aimed at reducing Salmonella colonization in poultry.

Founded in 2016 and headquartered in Carlsbad, California, ZIVO Bioscience leverages exclusive licensing agreements with academic institutions to advance its lead programs through preclinical and early clinical development.