Lucy Scientific Discovery (NASDAQ:LSDI) Shares Down 61.1%

Lucy Scientific Discovery Inc. (NASDAQ:LSDI)’s stock price traded down 61.1% during mid-day trading on Monday . The stock traded as low as $0.20 and last traded at $0.20. 133,236 shares traded hands during trading, a decline of 79% from the average session volume of 640,390 shares. The stock had previously closed at $0.51.

Lucy Scientific Discovery Price Performance

The company has a market cap of $1,936.00, a PE ratio of -0.03 and a beta of 1.27. The company has a 50-day moving average of $0.83 and a 200-day moving average of $1.54.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Lucy Scientific Discovery stock. AdvisorShares Investments LLC boosted its holdings in Lucy Scientific Discovery Inc. (NASDAQ:LSDI) by 89.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 882,296 shares of the company’s stock after purchasing an additional 416,296 shares during the period. AdvisorShares Investments LLC owned about 5.00% of Lucy Scientific Discovery worth $223,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 72.61% of the company’s stock.

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.