Decibel Cannabis (CVE:DB) Shares Down 4.8% – What’s Next?

Decibel Cannabis Company Inc. (CVE:DB) shares fell 4.8% during trading on Tuesday . The company traded as low as C$0.10 and last traded at C$0.10. 487,203 shares changed hands during mid-day trading, an increase of 72% from the average session volume of 283,909 shares. The stock had previously closed at C$0.11.

Decibel Cannabis Price Performance

The firm has a 50-day moving average price of C$0.12 and a 200 day moving average price of C$0.11. The company has a market cap of C$54.80 million, a price-to-earnings ratio of 3.17 and a beta of 0.61.

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. 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.