Decibel Cannabis (CVE:DB) Reaches New 12-Month High on Insider Buying Activity

Decibel Cannabis Company Inc. (CVE:DB) hit a new 52-week high during trading on Monday after an insider bought additional shares in the company. The company traded as high as C$0.08 and last traded at C$0.08, with a volume of 1676 shares trading hands. The stock had previously closed at C$0.07.

Specifically, Director Jakob Ripshtein bought 361,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of C$0.08 per share, for a total transaction of C$27,075.00. Also, Senior Officer Benjamin Sze purchased 596,000 shares of Decibel Cannabis stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average price of C$0.08 per share, with a total value of C$44,700.00.

Decibel Cannabis Trading Up 7.1%

The stock has a market capitalization of C$30.68 million, a PE ratio of -7.50 and a beta of 1.03. The firm’s 50-day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.07.

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.