Decibel Cannabis (CVE:DB) Trading Down 4.8% – Here’s What Happened

Decibel Cannabis Company Inc. (CVE:DBGet Free Report) dropped 4.8% during trading on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 487,203 shares traded hands during mid-day trading, an increase of 72% from the average daily volume of 283,909 shares. The stock had previously closed at C$0.11.

Decibel Cannabis Stock Down 9.5%

The firm has a market capitalization of C$54.80 million, a price-to-earnings ratio of 3.17 and a beta of 0.61. The stock’s fifty day moving average is C$0.12 and its two-hundred day moving average is C$0.11.

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, cannabis infused products, cannabis extracts, 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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