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

Kanabo Group Plc (LON:KNB)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.90 ($0.01), with a volume of 616367 shares trading hands. The stock had previously closed at GBX 0.85 ($0.01).

Kanabo Group Stock Performance

The firm has a market cap of £6.32 million, a price-to-earnings ratio of -100.00 and a beta of 3.04. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.78 and a quick ratio of 24.36. The firm has a fifty day simple moving average of GBX 0.95 and a two-hundred day simple moving average of GBX 1.15.

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.