Kibo Energy (LON:KIBO) Trading Up 12.5% – Here’s Why

Kibo Energy PLC (LON:KIBO)’s share price shot up 12.5% during mid-day trading on Friday . The stock traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 1,100,111 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 15,487,978 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Stock Performance

The stock has a market cap of £554,000.00, a P/E ratio of -5.50 and a beta of -0.10. 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 firm’s 50 day moving average price is GBX 0.01 and its 200-day moving average price is GBX 0.01.

Kibo Energy (LON:KIBO) last issued its earnings results on Monday, December 23rd. The company reported GBX (0.10) ($0.00) earnings per share (EPS) for the quarter.

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.