Decibel Cannabis Company Inc. (CVE:DB – Get Free Report) was up 15% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 2,176,871 shares traded hands during mid-day trading, an increase of 743% from the average daily volume of 258,309 shares. The stock had previously closed at C$0.10.
Decibel Cannabis Price Performance
The stock has a market capitalization of C$57.69 million, a price-to-earnings ratio of 3.33 and a beta of 0.17. The company has a 50-day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.12.
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. 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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