E Psychedelic Drug Stocks Index Up 9.9% During Shortened Week

TM Editors Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are readily manipulated; do your own careful due diligence.

41 psychedelic drug stocks trade on the various North American stock exchanges and during this shortened week 15 went up in price,15 went down and 11 had no change for an overall sector change of +6.1%.

The 41 stocks consist of:

  • 7 micro-cap stocks (Group #1) with an average market capitalization of $197M,
  • 2 small-cap stocks (Group #2) with an average market capitalization of $1.16M,
  • 32 nano-cap stocks (Group #3) with an average market capitalization of just $33M.

Below is the stock price performance for each Group for the week ending April 1st. :

Group #1

The 7 stocks in Group #1:

  • have market capitalizations ranging from $104M to $315M and average $197M
  • advanced 9.9% (+69.0% YTD) and
  • ranged in price/share from $0.17/share to $5.08/share for an average of $2.07/share of which
  • 3 trade for less than $1/share at $0.17/share, $0.39/share and $0.83/share as of yesterday, April 1st..
  • and are constituents in the munKNEE Pure-Play Psychedelic Drug Stocks Index as their market capitalizations are more than $100M and less than $1B.

The performance of the Group #1 constituents were, in descending order (with YTD in brackets), as follows :

  1. Seelos (SEEL): +18.7% (+221.5%) to $5.08/share
    • BTIG analyst Robert Hazlett put a $14 price target on SEEL stock
    •  analyst group B. Riley FBR added a buy rating and a price target of $15 per share for SEEL
  2. Jaguar (JAGX): +7.6% (+144.4%) to $1.98/share
    • reported FY2020 ended December 31, 2020 results of a 63% increase in net sales and a 12% reduction in its net loss
  3. Field Trip (FTRPF): +6.8% (+50.2%) to $4.88/share
    • closed a bought deal offering for $95 million upsized from the originally planned $50 million
  4. Cybin (CLXPF): +2.7% (-24.7%) to $1.13/share
  5. Revive (RVVTF): +2.6% (-20.4%) to $0.39/share
  6. Numinus (LKYSF): +2.4% (+1.2%) to $0.85/share
  7. Bionomics (BNOEF): -5.6% (+70.0%) to $0.17/share 
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William K. 2 months ago Member's comment

I would expect that this area will be volatile moot of the time. So that should not be a surprise or a cause for panic-types of actions.