Why CohBar Shares Are Trading Higher

CohBar Inc CWBR shares are trading higher by 6.25% to $0.15 after the company announced a 1-for-30 reverse stock split.

What Else?

CohBar says the reverse stock split will become effective at 12:01am ET on September 23rd and begin trading on a split-adjusted basis at the market open on September 23rd.

The company is implementing the reverse stock split to enable it to regain compliance with the Nasdaq $1.00 minimum bid price requirement.

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According to data from Benzinga Pro, CohBar has a 52-week high of $1.12 and a 52-week low of $0.14.