Kibo Energy (LON:KIBO) Trading 12.5% Higher – Still a Buy?

Kibo Energy PLC (LON:KIBOGet Free Report) rose 12.5% during mid-day trading on Thursday . The stock traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 110,000 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 21,008,539 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Stock Performance

The business has a 50-day moving average price of GBX 0.01 and a 200-day moving average price of GBX 0.01. The company has a quick ratio of 0.48, a current ratio of 0.05 and a debt-to-equity ratio of 293.44. The firm has a market capitalization of £553,500.00, a price-to-earnings ratio of -5.50 and a beta of -0.10.

Kibo Energy (LON:KIBOGet Free Report) last announced its earnings results on Monday, December 23rd. The company reported GBX (0.10) ($0.00) earnings per share (EPS) for the quarter.

Kibo Energy Company Profile

(Get Free Report)

Kibo Energy PLC is a multi-asset energy company positioned to address acute power deficits in Sub-Saharan Africa and, more recently, the UK.

The Company is focused on the development of three thermal coal power projects in Mozambique, Botswana and Tanzania, which all share stable operating environments as well as an acute need for consistent power.

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