Decibel Cannabis Company Inc. (CVE:DB – Get Free Report)’s share price dropped 15.4% during mid-day trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 1,077,734 shares traded hands during mid-day trading, an increase of 278% from the average daily volume of 284,752 shares. The stock had previously closed at C$0.13.
Decibel Cannabis Trading Down 15.4%
The firm’s fifty day simple moving average is C$0.13 and its 200 day simple moving average is C$0.10. The company has a market cap of C$63.45 million, a price-to-earnings ratio of 3.67 and a beta of 0.99.
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.
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