Lucy Scientific Discovery (NASDAQ:LSDI) Stock Price Down 61.1%

Shares of Lucy Scientific Discovery Inc. (NASDAQ:LSDI) were down 61.1% on Monday . The company traded as low as $0.20 and last traded at $0.20. Approximately 133,236 shares changed hands during trading, a decline of 79% from the average daily volume of 640,390 shares. The stock had previously closed at $0.51.

Lucy Scientific Discovery Stock Performance

The business has a 50 day simple moving average of $0.86 and a two-hundred day simple moving average of $1.58. The firm has a market capitalization of $352,000.00, a P/E ratio of -0.03 and a beta of 1.27.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lucy Scientific Discovery stock. AdvisorShares Investments LLC raised its stake in Lucy Scientific Discovery Inc. (NASDAQ:LSDI) by 89.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 882,296 shares of the company’s stock after purchasing an additional 416,296 shares during the quarter. AdvisorShares Investments LLC owned 5.00% of Lucy Scientific Discovery worth $223,000 at the end of the most recent quarter. 72.61% of the stock is owned by hedge funds and other institutional investors.

About Lucy Scientific Discovery

Lucy Scientific Discovery Inc, an early stage psychotropics contract manufacturing company, engaged in the research, manufacturing, and commercialization of psychedelic products. The company offers biological raw materials, active pharmaceutical ingredients (APIs), and finished biopharmaceutical products.