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Lucy Scientific Discovery Inc. (LSDI): Significant Improvements That Are Worth Pondering

Lucy Scientific Discovery Inc. (NASDAQ:LSDI) price on Friday, March 17, rose 12.50% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.35.

A look at the stock’s price movement, the close in the last trading session was $1.20, moving within a range at $1.1208 and $1.40. Turning to its 52-week performance, $4.00 and $1.16 were the 52-week high and 52-week low respectively. Overall, LSDI moved -58.97% over the past month.

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Lucy Scientific Discovery Inc.’s market cap currently stands at around $24.22 million.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s).

LSDI’s current price about -28.31% and -35.85% off the 20-day and 50-day simple moving averages respectively. The 7-day volatility ratio is 16.65% and 19.21% in the 30-day chart. Further, Lucy Scientific Discovery Inc. (LSDI) has a beta value of 0, and an average true range (ATR) of 0.37.

In the market, a comparison of Lucy Scientific Discovery Inc. (LSDI) and its peers suggest the former has performed considerably stronger. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.

If we refocus on Lucy Scientific Discovery Inc. (NASDAQ:LSDI), historical trading data shows that trading volumes averaged 0.61 million over the past 10 days and 278.22K over the past 3 months. The company’s latest data on shares outstanding shows there are 16.37 million shares.

The 32.76% of Lucy Scientific Discovery Inc.’s shares are in the hands of company insiders. Current price change has pushed the stock -54.85% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LSDI stock continues to rise going into the next quarter.

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