Kanabo Group (LON:KNB) Trading Down 5.3% – Time to Sell?

Kanabo Group Plc (LON:KNB)’s share price traded down 5.3% on Wednesday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.90 ($0.01). 787,790 shares were traded during trading, an increase of 97% from the average session volume of 399,484 shares. The stock had previously closed at GBX 0.95 ($0.01).

Kanabo Group Stock Up 2.5 %

The company has a quick ratio of 24.36, a current ratio of 2.78 and a debt-to-equity ratio of 3.49. The stock has a market capitalization of £5.19 million, a P/E ratio of -82.00 and a beta of 3.04. The company has a fifty day moving average price of GBX 0.90 and a 200-day moving average price of GBX 1.08.

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.