Kanabo Group (LON:KNB) Stock Price Down 5.3% – Time to Sell?

Kanabo Group Plc (LON:KNB)’s share price traded down 5.3% during mid-day trading on Wednesday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.90 ($0.01). 787,790 shares traded hands during trading, an increase of 97% from the average session volume of 399,484 shares. The stock had previously closed at GBX 0.95 ($0.01).

Kanabo Group Stock Performance

The stock has a market cap of £5.69 million, a price-to-earnings ratio of -90.00 and a beta of 3.04. The company has a debt-to-equity ratio of 3.49, a quick ratio of 24.36 and a current ratio of 2.78. The company’s 50 day simple moving average is GBX 0.90 and its 200 day simple moving average is GBX 1.09.

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.