Kibo Energy (LON:KIBO) Shares Down 30% – What’s Next?

Kibo Energy PLC (LON:KIBO) was down 30% on Friday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 94,855,711 shares traded hands during trading, an increase of 457% from the average daily volume of 17,023,963 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Trading Down 30.0 %

The company has a current ratio of 0.05, a quick ratio of 0.48 and a debt-to-equity ratio of 293.44. The firm has a market cap of £430,500.00, a price-to-earnings ratio of -5.50 and a beta of -0.10. The company has a fifty day moving average price of GBX 0.01 and a 200-day moving average price of GBX 0.01.

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.