Kanabo Group (LON:KNB) Shares Down 5.3% – Here’s Why

Shares of Kanabo Group Plc (LON:KNB) were down 5.3% during trading on Wednesday . The stock traded as low as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01). Approximately 64,657 shares were traded during trading, a decline of 85% from the average daily volume of 427,623 shares. The stock had previously closed at GBX 0.95 ($0.01).

Kanabo Group Trading Down 10.0 %

The firm has a market capitalization of £5.12 million, a PE ratio of -81.00 and a beta of 3.04. The company has a quick ratio of 24.36, a current ratio of 2.78 and a debt-to-equity ratio of 3.49. The company’s 50-day simple moving average is GBX 0.99 and its 200 day simple moving average is GBX 1.20.

Kanabo Group Company Profile

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.