Psyence Biomedical Ltd (PBM) At $0.08 Offering A Unique Opportunity

Psyence Biomedical Ltd (NASDAQ:PBM) currently has a daily average trading volume of 5.83M but it saw 11875518 shares traded in last market. With a market cap of 4.23M USD, the company’s current market price of $0.08 came rising about 26.96 while comparing to the previous closing price of $0.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.55 and as low as $0.06. In the recent trading on the day, stock has struck highest price mark of $0.062 while lowest mark touched by it was $0.079.

Taking a look at 20-day trading activity of Psyence Biomedical Ltd (PBM) gives us an average price of $0.0923, while its current price level is -99.47% below from 52-week high level whereas it is 36.80% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1330. A closer look into the stock’s movement over the week reveals that its volatility is standing at 24.35% during that period while stretching the period over a month that decreases to 17.41%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.78 which implies that the stock is in neutral territory.

Over the week, PBM’s stock price is moving 12.28% up while it is -16.00% when we observe its performance for the past one month. Year-to-date it is -99.16% down and over the past year, the stock is showing a downside performance of -99.29%.

Currently, Psyence Biomedical Ltd’s total number of outstanding shares is 13.39M. Company’s return on equity (ROE) at 1.27%. Stock’s beta reads -0.44. Its return on asset (ROA) is 1.13% on average.