Cybin Inc. (OTCMKTS:CYBN - Get Free Report) shares dropped 1.7% on Friday . The company traded as low as $8.16 and last traded at $8.32. Approximately 436,714 shares traded hands during mid-day trading, an increase of 42% from the average daily volume of 307,838 shares. The stock had previously closed at $8.46.
Cybin Price Performance
The stock has a market capitalization of $177.98 million, a PE ratio of -40.68 and a beta of 0.69. The firm's 50 day simple moving average is $7.85 and its 200 day simple moving average is $7.91.
Cybin Company Profile
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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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