Small Pharma (CVE:DMT) Shares Down 3.2%

Small Pharma Inc. (CVE:DMTGet Rating)’s stock price traded down 3.2% on Thursday . The company traded as low as C$0.15 and last traded at C$0.15. 2,509 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 127,178 shares. The stock had previously closed at C$0.16.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target on Small Pharma from C$1.00 to C$0.75 in a research report on Tuesday, October 18th.

Small Pharma Trading Down 3.2 %

The stock has a market capitalization of C$48.28 million and a price-to-earnings ratio of -2.18. The stock has a 50-day simple moving average of C$0.16 and a 200 day simple moving average of C$0.16.

Small Pharma (CVE:DMTGet Rating) last announced its quarterly earnings data on Friday, October 14th. The company reported C($0.02) EPS for the quarter, hitting analysts’ consensus estimates of C($0.02). Sell-side analysts expect that Small Pharma Inc. will post -0.05 earnings per share for the current fiscal year.

Small Pharma Company Profile

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Small Pharma Inc, a biotechnology company, focuses on developing short-acting psychedelics with therapy for the treatment of mental health conditions. Its clinical program is N,N-dimethyltryptamine assisted therapy to treat major depressive disorder. The company's product includes SPL026 Placebo, which is in clinical Phase IIA for the treatment of major depressive disorder.

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