Decibel Cannabis (CVE:DB) Hits New 52-Week High - Still a Buy?

Key Points

• Decibel Cannabis Company has hit a new 52-week high, trading at C$0.15, with a closing price of C$0.14 and a volume of 91,930 shares.
• The company's market capitalization stands at C$83.64 million, featuring a PE ratio of 4.83 and a beta of 0.87, indicating stability in its stock performance.
• Decibel engages in the cultivation and processing of cannabis products in Canada, including vape cartridges and infused products, highlighting its diversified operations in the cannabis sector.

Decibel Cannabis Company Inc. (CVE:DB - )'s stock price reached a new 52-week high on Monday . The company traded as high as C$0.15 and last traded at C$0.14, with a volume of 91930 shares changing hands. The stock had previously closed at C$0.15.

Decibel Cannabis Stock Performance

The company's 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.09. The company has a market capitalization of C$83.64 million, a PE ratio of 4.83 and a beta of 0.87.

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.

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