Decibel Cannabis Company Inc. (CVE:DB – Get Free Report) Director Shawn Lawrence Dym bought 182,000 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was purchased at an average price of C$0.12 per share, for a total transaction of C$21,840.00. Following the completion of the acquisition, the director owned 11,605,000 shares in the company, valued at C$1,392,600. This represents a 1.59% increase in their ownership of the stock.
Decibel Cannabis Trading Down 4.2%
CVE DB opened at C$0.12 on Friday. The company has a market cap of C$66.36 million, a P/E ratio of -11.50 and a beta of -0.07. The company has a fifty day simple moving average of C$0.12 and a 200 day simple moving average of C$0.11. Decibel Cannabis Company Inc. has a 12-month low of C$0.07 and a 12-month high of C$0.15.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on DB shares. TD upgraded shares of Decibel Cannabis from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$0.15 to C$0.25 in a report on Friday, May 22nd. TD Securities upgraded shares of Decibel Cannabis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of C$0.17.
About Decibel Cannabis
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. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.
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