Shares of Kanabo Group Plc (LON:KNB – Get Free Report) dropped 2.8% on Tuesday . The company traded as low as GBX 1.60 ($0.02) and last traded at GBX 1.75 ($0.02). Approximately 600,040 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 705,732 shares. The stock had previously closed at GBX 1.80 ($0.02).
Kanabo Group Stock Performance
The business has a fifty day simple moving average of GBX 1.73 and a two-hundred day simple moving average of GBX 1.67. The company has a quick ratio of 24.36, a current ratio of 8.09 and a debt-to-equity ratio of 4.28. The company has a market cap of £11.07 million, a P/E ratio of -175.00 and a beta of 3.22.
About Kanabo Group
Kanabo Group Plc engages in the development and distribution of cannabis-derived solutions for medical and wellness products. It operates through Primary Care and Secondary Care segments. The company offers non- tetrahydrocannabinol products for cannabidiol consumers. It also provides cultivation consultancy, research and development, and telemedicine and tele pharma services, as well as develops and distributes formulations; and operates ecommerce platform, the Kanabo Store.
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