Kanabo Group (LON:KNB) Reaches New 12-Month Low – Should You Sell?

Shares of Kanabo Group Plc (LON:KNB) reached a new 52-week low on Monday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.86 ($0.01), with a volume of 412394 shares. The stock had previously closed at GBX 0.86 ($0.01).

Kanabo Group Stock Performance

The company has a quick ratio of 24.36, a current ratio of 2.78 and a debt-to-equity ratio of 3.49. The stock has a market capitalization of £5.45 million, a P/E ratio of -86.20 and a beta of 3.04. The business has a fifty day moving average price of GBX 0.94 and a 200-day moving average price of GBX 1.14.

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.