Kraig Biocraft Laboratories (KBLB) Gains Momentum in February: Time to Get In?

Among the many biotech companies to have gained momentum in recent days, it could be a good idea for investors to start tracking the Kraig Biocraft Laboratories Inc (OTC: KBLB) stock.

As a matter of fact, the stock has started off the day with a bang and gone up by as much as 6% so far. There has been no news regarding the company this morning so far, but it might be worth taking a look at development from back in January.

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Kraig Biocraft, which is involved in developing and commercializing spider silk, announced in January that it established a joint venture with MtheMovement that is a constituent of the larger entity Kings Group of Companies and is involved in making luxury eco-friendly streetwear.

As per the provisions of the joint venture, silk fibers made by Kraig Biocraft are going to be sold under the brand SpydaSylk. It is a significant development for Kraig Biocraft and it remains to be seen if the stock can record further gains today.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life