Decibel Cannabis (CVE:DB) Trading 7.1% Higher – Time to Buy?

Decibel Cannabis Company Inc. (CVE:DB)’s stock price shot up 7.1% during mid-day trading on Monday . The company traded as high as C$0.08 and last traded at C$0.08. 49,665 shares traded hands during trading, a decline of 76% from the average session volume of 206,674 shares. The stock had previously closed at C$0.07.

Analyst Ratings Changes

A number of research firms have recently commented on DB. Ventum Financial dropped their target price on shares of Decibel Cannabis from C$0.25 to C$0.20 in a report on Thursday, August 15th. ATB Capital decreased their price target on shares of Decibel Cannabis from C$0.50 to C$0.40 in a research note on Thursday, August 15th.

Decibel Cannabis Stock Up 7.1 %

The stock has a market capitalization of C$30.68 million, a P/E ratio of -7.00 and a beta of 1.03. The firm has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07.

Decibel Cannabis Company Profile

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.