Decibel Cannabis (CVE:DB) Trading Up 25% – Should You Buy?

Decibel Cannabis Company Inc. (CVE:DB) rose 25% during trading on Monday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 668,690 shares traded hands during mid-day trading, an increase of 216% from the average daily volume of 211,716 shares. The stock had previously closed at C$0.06.

Analyst Upgrades and Downgrades

DB has been the subject of a number of recent research reports. ATB Capital cut their price objective on shares of Decibel Cannabis from C$0.50 to C$0.40 in a report on Thursday, August 15th. Ventum Financial reduced their price objective on Decibel Cannabis from C$0.25 to C$0.20 in a research report on Thursday, August 15th.

Decibel Cannabis Price Performance

The business’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.06. The company has a market capitalization of C$28.63 million, a PE ratio of -7.00 and a beta of 1.03.

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.