Decibel Cannabis (CVE:DB) Director Purchases C$21,840.00 in Stock

Decibel Cannabis Company Inc. (CVE:DB) Director Shawn Lawrence Dym acquired 182,000 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were purchased at an average cost of C$0.12 per share, for a total transaction of C$21,840.00. Following the purchase, the director directly owned 11,605,000 shares in the company, valued at approximately C$1,392,600. This trade represents a 1.59% increase in their ownership of the stock.

Decibel Cannabis Stock Down 4.2%

Shares of CVE:DB traded down C$0.01 during trading on Friday, hitting C$0.12. 6,224 shares of the stock traded hands, compared to its average volume of 293,239. The company has a fifty day moving average price of C$0.12 and a two-hundred day moving average price of C$0.11. Decibel Cannabis Company Inc. has a 52-week low of C$0.07 and a 52-week high of C$0.15. The company has a market cap of C$66.36 million, a price-to-earnings ratio of -11.50 and a beta of -0.07.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DB shares. TD Securities raised shares of Decibel Cannabis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. TD raised Decibel Cannabis from a “hold” rating to a “buy” rating and upped their price target for the stock from C$0.15 to C$0.25 in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Decibel Cannabis has a consensus rating of “Strong Buy” and a consensus target price of C$0.17.

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.