Kibo Energy (LON:KIBO) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Kibo Energy PLC (LON:KIBO)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.02 ($0.00) and traded as low as GBX 0.01 ($0.00). Kibo Energy shares last traded at GBX 0.01 ($0.00), with a volume of 50,000,000 shares traded.

Kibo Energy Price Performance

The company’s 50 day moving average is GBX 0.01 and its 200 day moving average is GBX 0.02. The company has a current ratio of 0.05, a quick ratio of 0.48 and a debt-to-equity ratio of 293.44. The stock has a market capitalization of £615,000.00, a price-to-earnings ratio of -5.50 and a beta of -0.10.

About Kibo Energy

Kibo Energy PLC is a multi-asset energy company positioned to address acute power deficits in Sub-Saharan Africa and, more recently, the UK.

The Company is focused on the development of three thermal coal power projects in Mozambique, Botswana and Tanzania, which all share stable operating environments as well as an acute need for consistent power.