Kibo Energy (LON:KIBO) Stock Price Down 12.5% – What’s Next?

Kibo Energy PLC (LON:KIBO)’s share price traded down 12.5% on Thursday . The stock traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 200,354,656 shares changed hands during mid-day trading, an increase of 254% from the average session volume of 56,635,059 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Price Performance

The company has a debt-to-equity ratio of 293.44, a current ratio of 0.05 and a quick ratio of 0.48. The company’s 50-day moving average price is GBX 0.01 and its 200-day moving average price is GBX 0.01. The company has a market cap of £430,500.00, a P/E ratio of -5.50 and a beta of -0.10.

Kibo Energy Company Profile

Kibo Energy PLC is a multi-asset energy company positioned to address acute power deficits in Sub-Saharan Africa and, more recently, the UK.

The Company is focused on the development of three thermal coal power projects in Mozambique, Botswana and Tanzania, which all share stable operating environments as well as an acute need for consistent power.