Kanabo Group (LON:KNB) Shares Down 25.5% – What’s Next?

Kanabo Group Plc (LON:KNB) traded down 25.5% on Tuesday . The company traded as low as GBX 0.41 ($0.01) and last traded at GBX 0.41 ($0.01). 486,519 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 325,366 shares. The stock had previously closed at GBX 0.55 ($0.01).

Kanabo Group Stock Performance

The stock’s 50 day moving average is GBX 0.78 and its two-hundred day moving average is GBX 0.93. The stock has a market capitalization of £2.53 million, a price-to-earnings ratio of -0.31 and a beta of 3.04. The company has a current ratio of 2.78, a quick ratio of 24.36 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.