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

Kanabo Group Plc (LON:KNB)’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

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.