Decibel Cannabis Company Inc. (CVE:DB – Get Free Report)’s share price fell 4.2% during trading on Tuesday . The company traded as low as C$0.12 and last traded at C$0.12. 33,843 shares were traded during mid-day trading, a decline of 77% from the average session volume of 144,600 shares. The stock had previously closed at C$0.12.
Analysts Set New Price Targets
Separately, Echelon Wealth Partners reiterated a “speculative buy” rating and issued a C$0.35 price objective on shares of Decibel Cannabis in a report on Wednesday, December 20th.
Get Our Latest Stock Analysis on DB
Decibel Cannabis Stock Performance
The firm has a market cap of C$47.04 million, a price-to-earnings ratio of -11.50 and a beta of 1.06. The company’s fifty day moving average price is C$0.13.
About Decibel Cannabis
(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 and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.
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