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Cybin (OTCMKTS:CYBN) Trading Down 5.7% - Here's Why

Cybin logo with Medical background

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

Cybin Price Performance

The company has a market cap of $128.00 million, a PE ratio of -31.37 and a beta of 0.61. The firm has a 50-day simple moving average of $8.27 and a two-hundred day simple moving average of $9.17.

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.

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