Kanabo Group (LON:KNB) Sets New 12-Month Low – What’s Next?

Shares of Kanabo Group Plc (LON:KNB) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.80 ($0.01), with a volume of 259467 shares traded. The stock had previously closed at GBX 0.85 ($0.01).

Kanabo Group Stock Performance

The stock’s 50-day moving average is GBX 0.89 and its 200-day moving average is GBX 1.08. The firm has a market capitalization of £5.19 million, a price-to-earnings ratio of -82.00 and a beta of 3.04. The company has a current ratio of 2.78, a quick ratio of 24.36 and a debt-to-equity ratio of 3.49.

Kanabo Group Company Profile

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.