What To Expect From Sunshine Biopharma, Inc. (OTCMKTS:SBFM)

Sunshine Biopharma, Inc. (OTCMKTS:SBFM) closed lower on Thursday.

Market Action

On Thursday, SBFM stock closed lower by 8.73% at $0.1067. More than 4.50 million shares exchanged hands for the day, compared to its average volume of 3.77 million shares. The stock opened at $0.106 and moved within a range of $0.0971 – 0.1180.

SBFM Announced News

Sunshine Biopharma Eliminates $250,000 in Variable Rate Convertible Debt and Provides an Update on Status of OTCQB Uplisting

  • SBFM announced that it has paid off $250,000 in variable rate convertible debt and is planning to soon eliminate the two similar items remaining on the books of the Company.
  • The Company’s application for uplisting to the OTCQB had been declined due to outstanding variable rate loans which were on the Company’s financial statements at the time of the application. The Company can re-apply in October 2021.

Sunshine Biopharma’s CFO, Camille Sebaaly stated, “We are in the process of getting rid of these loans to minimize dilution. Protecting the shareholders against harmful dilution is of utmost importance to the management of Sunshine Biopharma.”

Trader Notes

Share Information

SHARE FLOAT (%)406.68 M (84.64%)

Recent Stock Performance

5-DAY PERF.-0.74%
1-MONTH PERF.-17.61%
3-MONTH PERF.-55.17%
6-MONTH PERF.+720.77%
YTD PERF.+579.62%
1-YEAR PERF.+6176.47%

Moving Averages

+/- EMA(20)1.56 (-16.67%)
+/- SMA(50)1.78 (-26.97%)
+/- SMA(200)1.26 (+3.17%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI20-121.6736SellChaikin Money Flow-0.1431Sell
MACD-0.0070SellMoney Flow Index47.7528Buy
STOCH (14,3)15.7546OverSoldSTOCH RSI0.3013Neutral
UO47.7293BuyWilliams %R-84.2454OverSold

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