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Cybin (OTCMKTS:CYBN) Shares Up 0.5% - Should You Buy?

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Cybin Inc. (OTCMKTS:CYBN - Get Free Report)'s stock price shot up 0.5% during mid-day trading on Monday . The stock traded as high as $7.33 and last traded at $7.33. 220,908 shares were traded during trading, a decline of 25% from the average session volume of 294,872 shares. The stock had previously closed at $7.29.

Cybin Price Performance

The firm's fifty day moving average price is $9.13 and its 200-day moving average price is $8.43. The company has a market capitalization of $157.43 million, a price-to-earnings ratio of -38.58 and a beta of 0.50.

Cybin Company Profile

(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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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