Kanabo Group (LON:KNB) Hits New 12-Month Low – Here’s What Happened

Kanabo Group Plc (LON:KNB) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.90 ($0.01), with a volume of 616367 shares. The stock had previously closed at GBX 0.85 ($0.01).

Kanabo Group Price Performance

The stock’s fifty day moving average price is GBX 0.95 and its 200-day moving average price is GBX 1.16. The firm has a market cap of £5.69 million, a PE ratio of -90.00 and a beta of 3.04. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.78 and a quick ratio of 24.36.

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.