Cybin (OTCMKTS:CYBN) Shares Up 1.8% – Should You Buy?

Cybin Inc. (OTCMKTS:CYBNGet Free Report) shares traded up 1.8% during mid-day trading on Thursday . The stock traded as high as $10.40 and last traded at $10.19. 266,856 shares traded hands during trading, an increase of 32% from the average session volume of 201,422 shares. The stock had previously closed at $10.01.

Cybin Stock Up 1.8 %

The company’s fifty day moving average is $9.85 and its two-hundred day moving average is $6.39. The stock has a market cap of $203.72 million, a price-to-earnings ratio of -53.63 and a beta of 0.44.

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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