Cybin (OTCMKTS:CLXPF) Hits New 52-Week High – Time to Buy?

Cybin Inc. (OTCMKTS:CLXPFGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $11.52 and last traded at $11.40, with a volume of 395431 shares trading hands. The stock had previously closed at $9.94.

Cybin Price Performance

The stock has a market capitalization of $1.60 billion and a price-to-earnings ratio of -44.92. The stock’s 50 day simple moving average is $7.20 and its 200-day simple moving average is $2.70.

About Cybin

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Cybin Inc, a life sciences company, focuses on developing psychedelic therapeutics to treat various psychiatric and neurological conditions. The company operates through two segments, Serenity Life and Natures Journey. The Serenity Life segment engages in the research and development of pharmaceutical and nutraceutical psilocybin products.

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