Lucy Scientific Discovery (NASDAQ:LSDI) Trading Down 3.9%

Shares of Lucy Scientific Discovery Inc. (NASDAQ:LSDIGet Free Report) were down 3.9% on Friday . The company traded as low as $0.82 and last traded at $0.83. Approximately 74,560 shares were traded during trading, a decline of 90% from the average daily volume of 748,005 shares. The stock had previously closed at $0.86.

Lucy Scientific Discovery Price Performance

The firm has a market cap of $1.45 million, a price-to-earnings ratio of -0.12 and a beta of 1.25. The business’s 50-day moving average price is $1.06 and its two-hundred day moving average price is $1.84.

Hedge Funds Weigh In On Lucy Scientific Discovery

An institutional investor recently raised its position in Lucy Scientific Discovery stock. AdvisorShares Investments LLC boosted its holdings in Lucy Scientific Discovery Inc. (NASDAQ:LSDIFree Report) by 89.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 882,296 shares of the company’s stock after purchasing an additional 416,296 shares during the quarter. AdvisorShares Investments LLC owned approximately 5.00% of Lucy Scientific Discovery worth $223,000 at the end of the most recent quarter. 72.61% of the stock is owned by institutional investors and hedge funds.

Lucy Scientific Discovery Company Profile

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Lucy Scientific Discovery Inc, an early stage psychotropics contract manufacturing company, engaged in the research, manufacturing, and commercialization of psychedelic products. The company offers biological raw materials, active pharmaceutical ingredients (APIs), and finished biopharmaceutical products.

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