Kibo Energy (LON:KIBO) Stock Price Down 12.5% – What’s Next?

Kibo Energy PLC (LON:KIBO)’s share price fell 12.5% during mid-day trading on Thursday . The stock traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 200,354,656 shares changed hands during trading, an increase of 254% from the average session volume of 56,635,059 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Price Performance

The company has a debt-to-equity ratio of 293.44, a current ratio of 0.05 and a quick ratio of 0.48. The firm has a 50 day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.01. The stock has a market capitalization of £431,000.00, a price-to-earnings ratio of -5.50 and a beta of -0.10.

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.