Kanabo Group (LON:KNB) Sets New 12-Month Low – What’s Next?

Kanabo Group Plc (LON:KNB) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 0.55 ($0.01) and last traded at GBX 0.62 ($0.01), with a volume of 476977 shares trading hands. The stock had previously closed at GBX 0.63 ($0.01).

Kanabo Group Stock Performance

The firm has a fifty day simple moving average of GBX 0.82 and a 200-day simple moving average of GBX 0.96. The company has a market cap of £3.92 million, a PE ratio of -0.48 and a beta of 3.04. The company has a quick ratio of 24.36, a current ratio of 2.78 and a debt-to-equity ratio of 3.48.

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.