Cybin (OTCMKTS:CYBN) Shares Up 0.5% – Here’s Why

Cybin Inc. (OTCMKTS:CYBNGet Free Report) was up 0.5% during trading on Monday . The stock traded as high as $7.33 and last traded at $7.33. Approximately 220,908 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 294,872 shares. The stock had previously closed at $7.29.

Cybin Price Performance

The firm’s 50 day moving average is $9.07 and its 200 day moving average is $8.47. The company has a market capitalization of $157.64 million, a PE ratio of -38.63 and a beta of 0.50.

About Cybin

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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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