Kanabo Group (LON:KNB) Sets New 12-Month Low – Time to Sell?

Kanabo Group Plc (LON:KNB) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01), with a volume of 279817 shares changing hands. The stock had previously closed at GBX 0.48 ($0.01).

Kanabo Group Stock Performance

The company’s fifty day simple moving average is GBX 0.77 and its two-hundred day simple moving average is GBX 0.93. The company has a debt-to-equity ratio of 3.48, a quick ratio of 24.36 and a current ratio of 2.78. The stock has a market capitalization of £2.59 million, a P/E ratio of -0.32 and a beta of 3.04.

About Kanabo Group

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.