Kanabo Group (LON:KNB) Trading Down 12%

Kanabo Group Plc (LON:KNB)’s share price traded down 12% during trading on Wednesday . The company traded as low as GBX 1.10 ($0.01) and last traded at GBX 1.10 ($0.01). 137,112 shares traded hands during trading, a decline of 72% from the average session volume of 492,674 shares. The stock had previously closed at GBX 1.25 ($0.02).

Kanabo Group Price Performance

The company has a debt-to-equity ratio of 3.63, a quick ratio of 24.36 and a current ratio of 5.04. The company has a market cap of £8.68 million, a price-to-earnings ratio of -140.00 and a beta of 3.04. The business has a fifty day moving average price of GBX 1.30 and a 200 day moving average price of GBX 1.55.

Insider Transactions at Kanabo Group

In other Kanabo Group news, insider Ian Mattioli purchased 150,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of GBX 1 ($0.01) per share, with a total value of £1,500 ($1,978.11). 45.33% of the stock is owned by insiders.

About Kanabo Group

Kanabo Group Plc engages in the development and distribution of cannabis-derived solutions for medical and wellness products. It operates through Primary Care and Secondary Care segments. The company offers non- tetrahydrocannabinol products for cannabidiol consumers. It also provides cultivation consultancy, research and development, and telemedicine and tele pharma services, as well as develops and distributes formulations; operates ecommerce platform, the Kanabo Store; and operates Treat It, an online clinic that provides mental health treatments.