Decibel Cannabis (CVE:DB) Trading Up 8% - Here's What Happened

Key Points

• Decibel Cannabis Company Inc. saw its shares increase by 8% during mid-day trading on Wednesday, reaching a price of C$0.14.
• Despite the stock's rise, trading volume was approximately 106,005 shares, which is a 62% decline compared to the average daily volume of 275,671 shares.
• The company has a market capitalization of C$77.88 million and a P/E ratio of 4.50, indicating relatively low valuation metrics.

Shares of Decibel Cannabis Company Inc. (CVE:DB - ) were up 8% during mid-day trading on Wednesday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 106,005 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 275,671 shares. The stock had previously closed at C$0.13.

Decibel Cannabis Price Performance

The company has a market capitalization of C$77.88 million, a P/E ratio of 4.50 and a beta of 0.87. The firm has a fifty day moving average price of C$0.13 and a 200-day moving average price of C$0.09.

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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