Kanabo Group (LON:KNB) Sets New 1-Year Low – Here’s What Happened

Kanabo Group Plc (LON:KNB) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.86 ($0.01), with a volume of 412394 shares traded. The stock had previously closed at GBX 0.86 ($0.01).

Kanabo Group Stock Performance

The stock has a 50-day moving average price of GBX 0.94 and a two-hundred day moving average price of GBX 1.14. The stock has a market capitalization of £5.45 million, a PE ratio of -86.20 and a beta of 3.04. The company has a debt-to-equity ratio of 3.49, a quick ratio of 24.36 and a current ratio of 2.78.

Kanabo Group Company Profile

Kanabo is creating a new standard in the medical cannabis industry by improving the well-being of millions around the world. Its focus is on the distribution of Cannabis-derived products for medical patients, and non-THC products for CBD consumers.

Kanabo have conducted extensive R&D in order to develop high-quality Cannabis extract formulas, innovative medical-grade vaporisers, and various non-smoking consumption solutions – making use easy and accessible for anyone in need of treatment.