Decibel Cannabis (CVE:DB) Trading Up 7.1% – Should You Buy?

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Ventum Financial dropped their price objective on shares of Decibel Cannabis from C$0.25 to C$0.20 in a report on Thursday, August 15th. ATB Capital dropped their price target on Decibel Cannabis from C$0.50 to C$0.40 in a research note on Thursday, August 15th.

Decibel Cannabis Trading Down 6.3 %

The firm has a market cap of C$30.68 million, a price-to-earnings ratio of -8.00 and a beta of 1.03. The firm’s 50-day moving average is C$0.06 and its 200-day moving average is C$0.07.

About Decibel Cannabis

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.