Shares of Decibel Cannabis Company Inc. (CVE:DB – Get Free Report) shot up 11.1% during mid-day trading on Friday . The company traded as high as C$0.10 and last traded at C$0.10. 102,279 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 214,720 shares. The stock had previously closed at C$0.09.
Decibel Cannabis Stock Performance
The firm has a market cap of C$57.69 million, a price-to-earnings ratio of 3.33 and a beta of 0.60. The stock’s fifty day moving average is C$0.11 and its two-hundred day moving average is 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.
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