E Psychedelic Drug Stocks Index Up 9.9% During Shortened Week

Group #2

The two stocks in Group #2:

  • have market capitalizations of $920M and $1.4B
  • advanced 8.4% (-20.4% YTD) as follows:
    • Mind Medicine (MMEDF): +14.9% (-6.2%) to $2.86/share
      • filed a base shelf prospectus in Canada and a corresponding Form F-10 registration in the U.S, which will enable the stock to trade on exchanges in these countries, dramatically expanding the company’s access to capital
      • reported FY2020 assets of $85.6 million ($80.1 million cash) and a net loss of $35.1 million but had no revenue to report
    • Compass Pathways (CMPS): +7.9% (-21.3%) to $37.50/share
      • gained coverage from Roth Capital, which gave the stock a price target of $88 as its CMPS stock forecast

The above two stocks are not eligible for inclusion in the munKNEE 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.

Group #3

The 32 stocks in Group #3:

  • have market capitalizations ranging from just $3M to $77M and average $33M
  • declined 1.5% (-5.3% YTD) with 7 going up in price, 14 going down and 11 having no change in price
  • of which 28 averaged $0.30/share (from $0.005/share to $0.52/share)
  • and 4 averaged $0.88/share (from $0.70/share to $1.21/share)

The stocks in Group #3 are, in alphabetical order, as follows:

  • Aion (CSE:AION)Algernon (AGNPF), Champignon (SHRMF), Codebase (BKLLF), Core One  (CLABF),  Ehave (EHVVF).  Entheon  (ENTBF), Graph Blockchain (REGRF), Havn (HAVLF), Hollister (HSTRF), Lobe Sciences (GTSIF),  M2BIO (WUHN), Mind Cure  (MCURF), Mindset (MSSTF), Minerco (MINE), Mydecine (MYCOF), Neonmind (NMDBF), Newscope-PharmaTher (CSE:PHRM), New Wave (TRMNF), Nova Mentis (NOVA), Novamind (NVMDF), NutritionalHigh (SPLIF),   Optimi (CSE: OPTI), PayBio (CSE: PSYB),   Psyched Wellness (PSYCF), Pysence (CSE: PSYG), Pure Extracts (PRXTF), Red Light (TRUFF), Silo Wellness (CSE: SILO), SILO Pharma (OTC: SILO) Tryp (TRYPF), and Thoughtful Brands (PEMTF)
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William K. 1 month 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.