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Cybin (OTCMKTS:CYBN) Shares Down 2.6% - What's Next?

Cybin logo with Medical background

Key Points

  • Cybin Inc. shares fell by 2.6% during trading, closing at $7.26, with trading volume down 27% compared to the average.
  • The company's market cap stands at $171.26 million and it has a PE ratio of -38.21.
  • Cybin is focused on developing psychedelic-based therapeutics, with multiple compounds in various stages of clinical trials targeting mental health disorders.
  • MarketBeat previews top five stocks to own in October.

Cybin Inc. (OTCMKTS:CYBN - Get Free Report) fell 2.6% on Monday . The stock traded as low as $7.26 and last traded at $7.26. 228,100 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 313,547 shares. The stock had previously closed at $7.45.

Cybin Price Performance

The firm has a fifty day moving average price of $7.89 and a two-hundred day moving average price of $7.69. The stock has a market capitalization of $167.96 million, a PE ratio of -37.47 and a beta of 0.68.

About Cybin

(Get Free Report)

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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