Kanabo Group (LON:KNB) Reaches New 1-Year Low – Here’s Why

Kanabo Group Plc (LON:KNB)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 0.92 ($0.01) and last traded at GBX 0.92 ($0.01), with a volume of 217090 shares traded. The stock had previously closed at GBX 1.06 ($0.01).

Kanabo Group Trading Down 13.2 %

The stock has a market cap of £5.82 million, a price-to-earnings ratio of -92.00 and a beta of 3.04. The business’s 50 day moving average is GBX 1.18 and its 200 day moving average is GBX 1.42. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.78 and a quick ratio of 24.36.

Insiders Place Their Bets

In related news, insider Ian Mattioli purchased 150,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £1,500 ($1,947.55). 37.01% of the stock is owned by company insiders.

About Kanabo Group

Kanabo Group Plc, a digital health company, engages in the research, development and commercialization of cannabis-derived formulations and therapeutic inhalation devices. It operates through Primary Care and Secondary Care segments. The company offers The GP Service, an online telehealth platform, that provides patients with video consultations, online prescriptions, and primary care services; and operates Treat It, an online clinic focused on management of chronic pain.