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Decibel Cannabis (CVE:DB) Reaches New 12-Month High - Here's What Happened

Decibel Cannabis logo with Medical background

Key Points

  • Decibel Cannabis Company Inc. reached a new 52-week high, trading at C$0.14 before closing at C$0.13 on Friday.
  • The stock has a market capitalization of C$72.11 million and a PE ratio of 4.17.
  • Decibel Cannabis is engaged in the cultivation, processing, and sale of various cannabis products in Canada, including flower and extracts.
  • Five stocks to consider instead of Decibel Cannabis.

Decibel Cannabis Company Inc. (CVE:DB - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.13, with a volume of 265250 shares trading hands. The stock had previously closed at C$0.13.

Decibel Cannabis Stock Performance

The stock has a market cap of C$72.11 million, a PE ratio of 4.17 and a beta of 1.08. The company's 50-day moving average price is C$0.11 and its 200 day moving average price is C$0.08.

Decibel Cannabis Company Profile

(Get Free Report)

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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