Kanabo Group (LON:KNB) Reaches New 52-Week Low – Should You Sell?

Shares of Kanabo Group Plc (LON:KNB) reached a new 52-week low on Wednesday . The company traded as low as GBX 0.35 ($0.00) and last traded at GBX 0.38 ($0.00), with a volume of 351958 shares changing hands. The stock had previously closed at GBX 0.43 ($0.01).

Kanabo Group Price Performance

The company has a market cap of £2.38 million, a P/E ratio of -0.29 and a beta of 3.04. The firm’s 50-day moving average is GBX 0.74 and its two-hundred day moving average is GBX 0.91. The company has a debt-to-equity ratio of 3.48, a current ratio of 2.78 and a quick ratio of 24.36.

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.