Kanabo Group (LON:KNB) Stock Price Down 11.4% – What’s Next?

Kanabo Group Plc (LON:KNB) shares were down 11.4% during trading on Wednesday . The stock traded as low as GBX 0.70 ($0.01) and last traded at GBX 0.70 ($0.01). Approximately 260,941 shares were traded during trading, a decline of 19% from the average daily volume of 321,092 shares. The stock had previously closed at GBX 0.79 ($0.01).

Kanabo Group Stock Down 11.4 %

The company has a current ratio of 2.78, a quick ratio of 24.36 and a debt-to-equity ratio of 3.48. The business’s fifty day moving average price is GBX 0.85 and its two-hundred day moving average price is GBX 1. The firm has a market cap of £4.43 million, a P/E ratio of -0.54 and a beta of 3.04.

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.