Decibel Cannabis (CVE:DB) Stock Price Down 11.1% – Here’s What Happened
by Sarita Garza · The Markets DailyDecibel Cannabis Company Inc. (CVE:DB – Get Free Report) shares traded down 11.1% during mid-day trading on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12. 96,616 shares changed hands during trading, a decline of 72% from the average session volume of 346,185 shares. The stock had previously closed at C$0.14.
Wall Street Analysts Forecast Growth
Separately, TD Securities set a C$0.10 price target on shares of Decibel Cannabis and gave the stock a “hold” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$0.10.
Read Our Latest Analysis on DB
Decibel Cannabis Price Performance
The stock has a market cap of C$66.34 million, a PE ratio of 3.83 and a beta of 0.64. The business has a fifty day moving average of C$0.11 and a 200-day moving average of C$0.12.
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.