Cybin (OTCMKTS:CYBN) Stock Price Down 5.7% – What’s Next?

Cybin Inc. (OTCMKTS:CYBNGet Free Report) fell 5.7% during mid-day trading on Monday . The company traded as low as $6.20 and last traded at $6.34. 269,681 shares changed hands during trading, an increase of 3% from the average session volume of 261,761 shares. The stock had previously closed at $6.72.

Cybin Price Performance

The firm has a market cap of $136.16 million, a P/E ratio of -33.37 and a beta of 0.50. The firm’s 50 day moving average is $8.51 and its 200 day moving average is $9.17.

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.

Further Reading

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