Kanabo Group (LON:KNB) Reaches New 12-Month Low – Should You Sell?

Shares of Kanabo Group Plc (LON:KNB) reached a new 52-week low on Monday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.88 ($0.01), with a volume of 879551 shares traded. The stock had previously closed at GBX 0.80 ($0.01).

Kanabo Group Price Performance

The stock’s 50 day moving average is GBX 0.92 and its two-hundred day moving average is GBX 1.12. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.78 and a quick ratio of 24.36. The stock has a market capitalization of £5.57 million, a PE ratio of -88.00 and a beta of 3.04.

About Kanabo Group

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.