Kanabo Group (LON:KNB) Shares Down 13.1% – What’s Next?

Kanabo Group Plc (LON:KNB) traded down 13.1% during trading on Thursday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.83 ($0.01). 81,721 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 341,156 shares. The stock had previously closed at GBX 0.95 ($0.01).

Kanabo Group Stock Performance

The company has a debt-to-equity ratio of 3.49, a quick ratio of 24.36 and a current ratio of 2.78. The company’s 50-day moving average price is GBX 0.88 and its 200 day moving average price is GBX 1.06. The stock has a market capitalization of £5.69 million, a PE ratio of -90.00 and a beta of 3.04.

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.