E Psychedelic Drug Stocks Category Is +6% Month-To-Date

The two stocks in Group #2:

  • have market capitalizations of $920M and $1.4B,
  • have advanced 7.7% so far this week (+12.2% so far in April) as follows: 
  1. Mind Medicine (MMEDF): +37.5% (+94.4%) to $4.84/share
    • Began trading on The Nasdaq Capital Market on April 27, 2021 , under the symbol MNMD in addition to its listing on the Neo Exchange under the symbol MMED. 
  2. Compass Pathways (CMPS): +4.7% (+6.4%) to $36.96/share
    • Announced the pricing of its public offering of 4M American Depositary Shares (ADS), representing 4M ordinary shares, at $36.00 per ADS for total gross proceeds of $144.0 million,

The above two stocks are not eligible for inclusion in the Pure-Play Psychedelic Drug Stocks Index as their market capitalizations are so large that their inclusion would skew the performance results of the index so are reported above separately.

The 32 stocks in Group #3:

  • have market capitalizations ranging from just $3M to $75M and average $33M,
  • have advanced 3.1% so far this week (-1.6% so far in April) with 13 going up in price, 10 going down, and 9 having no change in price and are, in alphabetical order, as follows:
    • Aion, Algernon, Bright Minds, Champignon, Codebase, Core One, Ehave, Entheon, Graph Blockchain, Havn, Hollister, Lobe Sciences, M2BIO, Mind Cure, Mindset, Mydecine,  Neonmind, Newscope-PharmaTher, New Wave, Nova Mentis, Novamind,  Nutritional High, Optimi, PayBio, Psyched Wellness, Pysence, Pure Extracts, Red Light, Silo Wellness, SILO Pharma, Tryp and Thoughtful Brands.

Of the 32 stocks above, the greatest increases so far this week have been in Novamind (+37.6%), Aion (+32.0%) and Thoughtful Brands (+17.4%) and the stocks that have declined the most so far this week are Ehave (-28.6%), Entheon (-11.6%) and Psyched Wellness (-11.1%). 

The above 32 stocks are not eligible for inclusion in our Pure-Play Psychedelic Drug Stocks Index as their market capitalizations are less than $100M.

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