Kibo Energy (LON:KIBO) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Kibo Energy PLC (LON:KIBO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.01 ($0.00) and traded as low as GBX 0.01 ($0.00). Kibo Energy shares last traded at GBX 0.01 ($0.00), with a volume of 10,250,000 shares traded.

Kibo Energy Price Performance

The company has a debt-to-equity ratio of 293.44, a quick ratio of 0.48 and a current ratio of 0.05. The company has a market capitalization of £369,000.00, a price-to-earnings ratio of -5.50 and a beta of -0.10. The company has a fifty day simple moving average of GBX 0.01 and a two-hundred day simple moving average of GBX 0.01.

Kibo Energy (LON:KIBO) last released its earnings results on Monday, December 23rd. The company reported GBX (0.10) ($0.00) earnings per share (EPS) for the quarter.

About Kibo Energy

Kibo Energy PLC is a multi-asset energy company positioned to address acute power deficits in Sub-Saharan Africa and, more recently, the UK.

The Company is focused on the development of three thermal coal power projects in Mozambique, Botswana and Tanzania, which all share stable operating environments as well as an acute need for consistent power.