Kibo Energy (LON:KIBO) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Kibo Energy PLC (LON:KIBO)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.01 ($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 changing hands.

Kibo Energy Price Performance

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

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.