Decibel Cannabis (CVE:DB) Stock Price Down 15.4% – Here’s What Happened

Decibel Cannabis Company Inc. (CVE:DBGet Free Report)’s share price dropped 15.4% during mid-day trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 1,077,734 shares changed hands during mid-day trading, an increase of 278% from the average daily volume of 284,752 shares. The stock had previously closed at C$0.13.

Decibel Cannabis Stock Performance

The stock’s 50-day moving average is C$0.13 and its 200 day moving average is C$0.10. The stock has a market capitalization of C$63.45 million, a PE ratio of 3.67 and a beta of 0.99.

Decibel Cannabis Company Profile

(Get Free Report)

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls.

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