Decibel Cannabis (CVE:DB) Trading 11.1% Higher – Should You Buy?

Shares of Decibel Cannabis Company Inc. (CVE:DBGet Free Report) were up 11.1% on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 485,576 shares traded hands during trading, an increase of 96% from the average daily volume of 247,590 shares. The stock had previously closed at C$0.09.

Decibel Cannabis Price Performance

The firm’s 50 day moving average is C$0.10 and its 200 day moving average is C$0.12. The company has a market capitalization of C$57.69 million, a PE ratio of 3.33 and a beta of 0.17.

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. 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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