Kanabo Group (LON:KNB) Trading 1.1% Higher – What’s Next?

Kanabo Group Plc (LON:KNB) shares traded up 1.1% on Thursday . The stock traded as high as GBX 0.87 ($0.01) and last traded at GBX 0.86 ($0.01). 142,945 shares traded hands during trading, a decline of 54% from the average session volume of 311,018 shares. The stock had previously closed at GBX 0.85 ($0.01).

Kanabo Group Stock Up 1.1 %

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’s 50-day simple moving average is GBX 0.87 and its two-hundred day simple moving average is GBX 1.02. The company has a market capitalization of £5.43 million, a price-to-earnings ratio of -0.66 and a beta of 3.04.

Kanabo Group Company Profile

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.