Decibel Cannabis (CVE:DB) Stock Price Up 21.4% – What’s Next?

Decibel Cannabis Company Inc. (CVE:DB)’s share price traded up 21.4% during trading on Tuesday . The company traded as high as C$0.09 and last traded at C$0.09. 521,248 shares were traded during mid-day trading, an increase of 151% from the average session volume of 207,894 shares. The stock had previously closed at C$0.07.

Wall Street Analyst Weigh In

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

Decibel Cannabis Trading Down 17.6 %

The firm’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.07. The firm has a market capitalization of C$28.63 million, a PE ratio of -7.00 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.