Decibel Cannabis (CVE:DB) Stock Price Down 15.4% – Here’s What Happened

by · The Cerbat Gem

Decibel Cannabis Company Inc. (CVE:DB – Get Free Report)’s share price fell 15.4% during mid-day trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 567,106 shares were traded during mid-day trading, an increase of 101% from the average session volume of 282,731 shares. The stock had previously closed at C$0.13.

Decibel Cannabis Stock Performance

The firm has a market capitalization of C$66.34 million, a P/E ratio of 3.83 and a beta of 0.99. The stock’s 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.10.

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.

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