Decibel Cannabis (CVE:DB) Sets New 1-Year High - Should You Buy?

Key Points

• Decibel Cannabis' stock reached a new 52-week high of C$0.14 during mid-day trading, reflecting a gain of 3.8% from its previous closing price.
• The company has a market capitalization of C$77.88 million and an impressive P/E ratio of 4.50, indicating potential investment attractiveness.
• Decibel Cannabis is engaged in the cultivation and processing of cannabis, as well as the production of cannabis-infused products and vape cartridges in Canada.

Decibel Cannabis Company Inc. (CVE:DB - )'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.13 and last traded at C$0.14, with a volume of 355770 shares traded. The stock had previously closed at C$0.13.

Decibel Cannabis Stock Up 3.8%

The company has a market cap of C$77.88 million, a P/E ratio of 4.50 and a beta of 1.08. The business has a fifty day moving average price of C$0.12 and a 200-day moving average price of C$0.09.

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.

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