E Psychedelic Stocks Index Soared 27% On Monday

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

31 biopharmaceutical companies are now involved in the research and development of psychedelic compounds to treat mental health issues such as obsessive-compulsive disorder, PTSD, opioid addiction, alcoholism, depression, anxiety, and eating disorders. This article tracks the performance of 15 of them in the munKNEE Psychedelic Stocks Index.

Index Inclusion Criteria

The 15 stocks eligible for inclusion in the index (up from the original 11 given the recent increases in market cap and stock price) are based on the following criteria:

  • a market capitalization between US$10M and US$200M
  • a stock that trades between US$0.10/share and US$2/share

Below are the 15 eligible companies in the munKNEE Psychedelic Stocks Index and their performance on Monday, December 14th in descending order. Last week's performance for each is in brackets.

  1. Red Light (TRUFF) +80.7% (+111.1%) 
  2. Better Plant (VEGGF) +59.5% (+83.3%) 
  3. Numinus (LKYSF) +53.1% (+86.9%) 
  4. Revive (RVVTF) +49.5% (+78.2%) 
  5. Hollister (HSTRF) +31.5% (+41.7%) 
  6. Cybin (CLXPF) +31.0% (+34.7%)
  7. Mydecine (MYCOF) +28.8% (+63.6%) 
  8. Havn (HAVLF) +28.6% (+22.2%)
  9. Silo Pharma (SILO) +24.1% (No Change) 
  10. Seelos (SEEL) +17.4% (+7.9%) 
  11. Champignon (SHRMF) +16.1% (+76.1%)  
  12. Psyched Wellness (DCNPF) +14.7% (+28.6%) 
  13. Nova Mentis (LIBFF+9.2% (No Change) 
  14. Mind Cure (MCURF) -1.6% (+29.6%)  
  15. Jaguar (JAGX) -3.7% (No Change)

The average performance of the above 15 psychedelic drug stocks on Monday was +27.2% on top of the +35.3% advance for the previous 5 days. Interestingly, in comparison, the munKNEE Pure-Play Pot Stock Index of the 25 pure-play cannabis stocks that trade in excess of US$1/share was down 2.3% on Monday. To avoid duplication please refer to last week's article (see here) in which I provided introductory paragraphs on each of the index constituents.

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