Decibel Cannabis (CVE:DB) Given a C$0.10 Price Target at TD Securities

Decibel Cannabis (CVE:DB) has been given a C$0.10 price target by research analysts at TD Securities in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock.

Decibel Cannabis Price Performance

Decibel Cannabis stock remained flat at C$0.10 during midday trading on Tuesday. The company had a trading volume of 3,836,020 shares, compared to its average volume of 348,746. The stock’s fifty day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.12. The company has a market cap of C$57.69 million, a price-to-earnings ratio of 3.33 and a beta of 0.17. Decibel Cannabis has a 12-month low of C$0.05 and a 12-month high of C$0.15.

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.