Kanabo Group (LON:KNB) Hits New 52-Week Low – Here’s Why

by · The Markets Daily

Kanabo Group Plc (LON:KNB – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.86 ($0.01), with a volume of 412394 shares changing hands. The stock had previously closed at GBX 0.86 ($0.01).

Kanabo Group Stock Performance

The company has a current ratio of 2.78, a quick ratio of 24.36 and a debt-to-equity ratio of 3.49. The firm has a market capitalization of £6.32 million, a PE ratio of -100.00 and a beta of 3.04. The firm’s fifty day moving average price is GBX 0.94 and its 200 day moving average price is GBX 1.13.

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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