Decibel Cannabis (CVE:DB) Trading Down 15.4% – Here’s Why

Decibel Cannabis Company Inc. (CVE:DBGet Free Report)’s stock price was down 15.4% during mid-day trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 567,106 shares changed hands during trading, an increase of 101% from the average daily volume of 282,731 shares. The stock had previously closed at C$0.13.

Decibel Cannabis Price Performance

The company has a market cap of C$66.34 million, a price-to-earnings ratio of 3.83 and a beta of 0.99. The firm has a 50-day moving average price of C$0.13 and a 200 day moving average price of C$0.10.

About Decibel Cannabis

(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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