Decibel Cannabis (CVE:DB) Stock Falls 5.3% – Here’s What Happened

Decibel Cannabis Company Inc. (CVE:DB) was down 5.3% on Monday. The stock traded as low as C$1.80 and last traded at C$1.80. Approximately 133 shares were traded during mid-day trading, a decline of 99% from the average session volume of 21,248 shares. The stock had previously closed at C$1.90.

Analysts Set New Price Targets

Separately, TD set a C$3.75 price target on Decibel Cannabis and gave the stock a “buy” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, Decibel Cannabis currently has an average rating of “Strong Buy” and an average target price of C$1.93.

Decibel Cannabis Trading Up 11.1%

The company has a market cap of C$76.94 million, a PE ratio of -13.33 and a beta of 0.15. The firm’s 50-day simple moving average is C$1.59 and its two-hundred day simple moving average is C$0.48.

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. 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.