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

Posted by Patrick Bannon on Oct 24th, 2024

Kanabo Group Plc (LON:KNB – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 0.92 ($0.01) and last traded at GBX 0.92 ($0.01), with a volume of 217090 shares. The stock had previously closed at GBX 1.06 ($0.01).

Kanabo Group Stock Performance

The company has a 50-day moving average of GBX 1.18 and a 200 day moving average of GBX 1.41. 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 firm has a market capitalization of £6.96 million, a PE ratio of -94.00 and a beta of 3.04.

Insider Buying and Selling

In other Kanabo Group news, insider Ian Mattioli acquired 150,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £1,500 ($1,947.55). 37.01% of the stock is owned by company insiders.

Kanabo Group Company Profile

(Get Free Report)

Kanabo Group Plc, a digital health company, engages in the research, development and commercialization of cannabis-derived formulations and therapeutic inhalation devices. It operates through Primary Care and Secondary Care segments. The company offers The GP Service, an online telehealth platform, that provides patients with video consultations, online prescriptions, and primary care services; and operates Treat It, an online clinic focused on management of chronic pain.