Small Pharma (CVE:DMT) Shares Down 6.3% – What’s Next?

Small Pharma Inc. (CVE:DMT)’s share price fell 6.3% during trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.15. 1,890,765 shares traded hands during mid-day trading, an increase of 538% from the average session volume of 296,159 shares. The stock had previously closed at C$0.16.

Small Pharma Stock Down 6.3 %

The company has a quick ratio of 6.28, a current ratio of 2.63 and a debt-to-equity ratio of 5.95. The company has a fifty day simple moving average of C$0.15 and a 200-day simple moving average of C$0.15. The firm has a market cap of C$50.37 million, a P/E ratio of -2.14 and a beta of 0.86.

Small Pharma Company Profile

Small Pharma Inc, a biotechnology company, focuses on developing short-duration psychedelic-assisted therapies for the treatment of mental health conditions. Its clinical program is based on N,N, dimethyltryptamine, a naturally occurring psychoactive molecule. The company's product includes SPL026, which is in clinical Phase IIa for the treatment of major depressive disorder; and SPL028, an injectable formulation of deuterated DMT, which is in Phase 1 clinical trial, as well as SPL801B, an oral dosage.