Cybin Inc. (OTCMKTS:CYBN – Get Free Report) was up 3.9% on Thursday . The stock traded as high as $8.68 and last traded at $8.58. Approximately 323,633 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 285,177 shares. The stock had previously closed at $8.26.
Cybin Trading Up 3.9%
The stock has a market capitalization of $197.55 million, a PE ratio of -45.16 and a beta of 0.68. The firm has a 50 day moving average of $7.50 and a two-hundred day moving average of $8.11.
Cybin Company Profile
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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