Cybin (OTCMKTS:CLXPF) Trading 2.2% Higher – Still a Buy?

Cybin Inc. (OTCMKTS:CLXPFGet Free Report) shares were up 2.2% during trading on Monday . The company traded as high as $8.40 and last traded at $8.34. Approximately 1,025,258 shares traded hands during mid-day trading, an increase of 86% from the average daily volume of 551,962 shares. The stock had previously closed at $8.16.

Cybin Price Performance

The company’s 50-day simple moving average is $6.53 and its 200-day simple moving average is $6.88. The stock has a market capitalization of $1.27 billion and a P/E ratio of -61.21.

Cybin Company Profile

(Get Free Report)

Cybin Inc (OTCMKTS: CLXPF) is a biotechnology company focused on the research, development and commercialization of psychedelic-based therapeutics for the treatment of mental health and wellness disorders. The company leverages proprietary drug discovery platforms to design novel analogues of psilocybin and other psychoactive compounds. Its programs aim to improve the safety, bioavailability and manufacturability of these molecules while addressing conditions such as depression, anxiety and substance use disorders.

Cybin’s pipeline encompasses several clinical and preclinical stage candidates.

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