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Cybin (OTCMKTS:CLXPF) Stock Price Up 2.2% - Time to Buy?

Cybin logo with Medical background

Key Points

  • Cybin Inc. shares increased by 2.2% during mid-day trading, reaching a last traded price of $5.99.
  • The company has a market capitalization of $890.10 million and operates in developing psychedelic therapeutics for psychiatric and neurological conditions.
  • Despite the recent increase in stock price, the 50-day and 200-day moving averages are $6.90 and $7.17, respectively, indicating the stock is still below those levels.
  • Five stocks to consider instead of Cybin.

Shares of Cybin Inc. (OTCMKTS:CLXPF - Get Free Report) were up 2.2% during mid-day trading on Tuesday . The company traded as high as $6.00 and last traded at $5.99. Approximately 594,425 shares were traded during trading, an increase of 8% from the average daily volume of 551,962 shares. The stock had previously closed at $5.86.

Cybin Trading Up 2.2%

The stock has a 50 day moving average of $6.90 and a 200-day moving average of $7.17. The stock has a market capitalization of $890.10 million and a P/E ratio of -24.96.

Cybin Company Profile

(Get Free Report)

Cybin Inc, a life sciences company, focuses on developing psychedelic therapeutics to treat various psychiatric and neurological conditions. The company operates through two segments, Serenity Life and Natures Journey. The Serenity Life segment engages in the research and development of pharmaceutical and nutraceutical psilocybin products.

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Should You Invest $1,000 in Cybin Right Now?

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