Kanabo Group (LON:KNB) Trading 21.7% Higher

Kanabo Group Plc (LON:KNB)’s stock price was up 21.7% during mid-day trading on Tuesday . The stock traded as high as GBX 1.40 ($0.02) and last traded at GBX 1.40 ($0.02). Approximately 810,605 shares were traded during mid-day trading, an increase of 70% from the average daily volume of 478,074 shares. The stock had previously closed at GBX 1.15 ($0.02).

Kanabo Group Price Performance

The business’s 50-day simple moving average is GBX 1.26 and its 200 day simple moving average is GBX 1.51. The company has a market capitalization of £8.85 million, a P/E ratio of -115.00 and a beta of 3.04. The company has a current ratio of 5.04, a quick ratio of 24.36 and a debt-to-equity ratio of 3.63.

Insider Activity at Kanabo Group

In other Kanabo Group news, insider Ian Mattioli bought 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £1,500 ($1,981.51). Company insiders own 37.01% of the company’s stock.

Kanabo Group Company Profile

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; operates ecommerce platform, the Kanabo Store; and operates Treat It, an online clinic that provides mental health treatments.