Decibel Cannabis (CVE:DB) Trading Up 21.4% – What’s Next?

Decibel Cannabis Company Inc. (CVE:DB)’s share price rose 21.4% during mid-day trading on Tuesday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 521,248 shares traded hands during mid-day trading, an increase of 151% from the average daily volume of 207,894 shares. The stock had previously closed at C$0.07.

Analyst Upgrades and Downgrades

DB has been the topic of a number of research analyst reports. Ventum Financial reduced their price target on shares of Decibel Cannabis from C$0.25 to C$0.20 in a research note on Thursday, August 15th. ATB Capital reduced their price target on shares of Decibel Cannabis from C$0.50 to C$0.40 in a research note on Thursday, August 15th. Finally, Ventum Cap Mkts raised shares of Decibel Cannabis to a “strong-buy” rating in a research note on Monday, July 8th.

Decibel Cannabis Stock Up 21.4 %

The stock has a market cap of C$34.77 million, a price-to-earnings ratio of -8.50 and a beta of 1.03. The business’s fifty day moving average is C$0.06 and its two-hundred day moving average is C$0.07.

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.