Kanabo Group (LON:KNB) Shares Down 12.9% – Time to Sell?

Kanabo Group Plc (LON:KNB)’s share price fell 12.9% during trading on Tuesday . The company traded as low as GBX 0.55 ($0.01) and last traded at GBX 0.57 ($0.01). 282,401 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 323,908 shares. The stock had previously closed at GBX 0.65 ($0.01).

Kanabo Group Price Performance

The firm has a market capitalization of £3.58 million, a P/E ratio of -0.44 and a beta of 3.04. 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’s fifty day simple moving average is GBX 0.82 and its 200 day simple moving average is GBX 0.97.

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.