E Psychedelic Stocks Index Took Off Last Week, Gaining 35.3%


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 and makes mention of the remaining 16 as well. [TM Editors Note: This article discusses penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence.]

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 for the week ended December 11th. The previous week's performance is in brackets.

  1. Red Light (TRUFF) +111.1%  (-10.0%)
  2. Numinus (LKYSF) +86.9% (+10.9%)
  3. Better Plant (VEGGF) +83.3% (+20%) 
  4. Revive (RVVTF) +78.2% (N/C)
  5. Champignon (SHRMF) +76.1%  (-6.1%)
  6. Mydecine (MYCOF) +63.6% (-4.3%)
  7. Hollister (HSTRF) +41.7% (+33.3%) 
  8. Cybin (CLXPF) +34.7% (+50.8%)
  9. Mind Cure (MCURF) +29.6% (+8.0%) 
  10. Psyched Wellness (DCNPF) +28.6% (+10.5%)
  11. Havn (HAVLF) +22.2% (N/C)
  12. Seelos (SEEL) +7.9% (-1.9%)
  13. Jaguar (JAGX) No Change (+61.9%)
  14. Silo Pharma (SILO) No Change (+16.2%)
  15. Nova Mentis (LIBFF) No Change (+13.6%)

The average performance of the above 15 psychedelic drug stocks last week was +35.3% (see article here). 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 -4.1% for the week ending December 11th. To avoid duplication please refer to last weeks article (see here) in which I provided introductory articles on each of the index constituents.

1 2
View single page >> |

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Anne Davis 1 month ago Member's comment

What about $NUMI?