Kanabo Group (LON:KNB) Stock Price Down 6.7% – Should You Sell?

Kanabo Group Plc (LON:KNB) was down 6.7% on Tuesday . The company traded as low as GBX 0.65 ($0.01) and last traded at GBX 0.70 ($0.01). Approximately 1,013,497 shares changed hands during mid-day trading, an increase of 208% from the average daily volume of 328,728 shares. The stock had previously closed at GBX 0.75 ($0.01).

Kanabo Group Price Performance

The business has a 50 day simple moving average of GBX 0.84 and a two-hundred day simple moving average of GBX 0.98. The firm has a market capitalization of £4.30 million, a P/E ratio of -0.53 and a beta of 3.04. The company has a debt-to-equity ratio of 3.48, a quick ratio of 24.36 and a current ratio of 2.78.

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.