Decibel Cannabis (CVE:DB) Trading Down 14.3%

Shares of Decibel Cannabis Company Inc. (CVE:DB) traded down 14.3% during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06. 18,090 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 184,202 shares. The stock had previously closed at C$0.07.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DB. ATB Capital lowered their target price on shares of Decibel Cannabis from C$0.50 to C$0.40 in a report on Thursday, August 15th. Echelon Wealth Partners decreased their price objective on Decibel Cannabis from C$0.30 to C$0.25 and set a “speculative buy” rating for the company in a research note on Thursday, May 30th. Ventum Cap Mkts raised Decibel Cannabis to a “strong-buy” rating in a research note on Monday, July 8th. Finally, Ventum Financial decreased their target price on Decibel Cannabis from C$0.25 to C$0.20 in a research report on Thursday, August 15th.

Decibel Cannabis Price Performance

The company has a market capitalization of C$24.54 million, a P/E ratio of -7.00 and a beta of 1.06. The business’s 50-day moving average price is C$0.06 and its two-hundred day moving average price is C$0.09.

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.