Cybin (OTCMKTS:CLXPF) Trading Up 5.9% – Should You Buy?

Shares of Cybin Inc. (OTCMKTS:CLXPFGet Free Report) rose 5.9% on Thursday . The company traded as high as $6.43 and last traded at $6.26. Approximately 293,158 shares traded hands during trading, a decline of 47% from the average daily volume of 551,962 shares. The stock had previously closed at $5.91.

Cybin Stock Down 4.5 %

The stock has a market cap of $845.52 million and a PE ratio of -23.71. The business’s fifty day moving average is $8.27 and its 200 day moving average is $9.17.

About Cybin

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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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