Cybin Inc. (OTCMKTS:CYBN – Get Free Report) rose 1.8% during mid-day trading on Thursday . The stock traded as high as $10.40 and last traded at $10.19. Approximately 266,856 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 201,422 shares. The stock had previously closed at $10.01.
Cybin Price Performance
The business’s 50 day moving average price is $9.82 and its 200 day moving average price is $6.46. The firm has a market cap of $200.52 million, a PE ratio of -52.79 and a beta of 0.44.
About Cybin
Cybin Inc, a clinical-stage biopharmaceutical company, focuses on developing psychedelic-based therapeutics. The company's development pipeline includes CYB003, a deuterated psilocybin analog, which is in Phase 1/2a clinical trial to treat major depressive and alcohol use disorders; CYB004, a deuterated dimethyltryptamine, which is in Phase 1 clinical trial for treating generalized anxiety disorders; and CYB005, a phenethylamine derivative, which in preclinical stage to treat neuroinflammation.
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