Kanabo Group (LON:KNB) Trading Down 35.1% – What’s Next?

Kanabo Group Plc (LON:KNB)’s stock price was down 35.1% on Monday . The stock traded as low as GBX 0.25 ($0.00) and last traded at GBX 0.25 ($0.00). Approximately 330,561 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 447,618 shares. The stock had previously closed at GBX 0.39 ($0.00).

Kanabo Group Stock Performance

The company has a debt-to-equity ratio of 3.48, a current ratio of 2.78 and a quick ratio of 24.36. The stock has a market cap of £1.58 million, a P/E ratio of -0.19 and a beta of 3.04. The stock has a 50-day simple moving average of GBX 0.71 and a 200-day simple moving average of GBX 0.89.

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.