Shares of Decibel Cannabis Company Inc. (CVE:DB – Get Free Report) were up 6.7% during mid-day trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 247,000 shares changed hands during trading, an increase of 322% from the average daily volume of 58,571 shares. The stock had previously closed at C$0.08.
Decibel Cannabis Price Performance
The business’s 50-day moving average price is C$0.07 and its two-hundred day moving average price is C$0.06. The company has a market capitalization of C$30.68 million, a price-to-earnings ratio of -7.50 and a beta of 1.03.
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.
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