Kibo Energy (LON:KIBO) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Kibo Energy PLC (LON:KIBO) crossed 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.

Kibo Energy Stock Performance

The firm has a market capitalization of £615,000.00, a PE ratio of -5.50 and a beta of -0.10. 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 business has a fifty day moving average price of GBX 0.01 and a two-hundred day moving average price of GBX 0.02.

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.