Kanabo Group (LON:KNB) Hits New 1-Year Low – Time to Sell?

by · The Markets Daily

Kanabo Group Plc (LON:KNB – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 0.35 ($0.00) and last traded at GBX 0.38 ($0.00), with a volume of 351958 shares. The stock had previously closed at GBX 0.43 ($0.01).

Kanabo Group Stock Performance

The business has a 50-day simple moving average of GBX 0.74 and a 200 day simple moving average of GBX 0.91. 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 firm has a market cap of £2.38 million, a PE ratio of -0.29 and a beta of 3.04.

Kanabo Group Company Profile

(Get Free Report)

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.

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