Kibo Energy (LON:KIBO) Trading Down 30% – Here’s What Happened

Shares of Kibo Energy PLC (LON:KIBO) dropped 30% during trading on Friday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 94,855,711 shares traded hands during trading, an increase of 457% from the average daily volume of 17,023,963 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Price Performance

The company has a debt-to-equity ratio of 293.44, a current ratio of 0.05 and a quick ratio of 0.48. The business’s 50 day simple moving average is GBX 0.01 and its 200 day simple moving average is GBX 0.01. The company has a market capitalization of £369,000.00, a PE ratio of -5.50 and a beta of -0.10.

Kibo Energy Company Profile

Kibo Energy PLC is a multi-asset energy company positioned to address acute power deficits in Sub-Saharan Africa and, more recently, the UK.

The Company is focused on the development of three thermal coal power projects in Mozambique, Botswana and Tanzania, which all share stable operating environments as well as an acute need for consistent power.