Decibel Cannabis (CVE:DB) Stock Price Up 25% – Here’s What Happened

Shares of Decibel Cannabis Company Inc. (CVE:DB) rose 25% 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 trading, an increase of 216% from the average daily volume of 211,716 shares. The stock had previously closed at C$0.06.

Analyst Ratings Changes

A number of brokerages have commented on DB. ATB Capital reduced their target price on shares of Decibel Cannabis from C$0.50 to C$0.40 in a report on Thursday, August 15th. Ventum Financial decreased their target price on shares of Decibel Cannabis from C$0.25 to C$0.20 in a research report on Thursday, August 15th.

Decibel Cannabis Stock Down 6.7 %

The firm has a market cap of C$28.63 million, a price-to-earnings ratio of -7.00 and a beta of 1.03. The company’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.06.

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.