Kanabo Group (LON:KNB) Reaches New 52-Week Low – Here’s What Happened

Kanabo Group Plc (LON:KNB)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01), with a volume of 279817 shares traded. The stock had previously closed at GBX 0.48 ($0.01).

Kanabo Group Price Performance

The firm has a 50-day moving average of GBX 0.79 and a 200 day moving average of GBX 0.94. The company has a market capitalization of £2.53 million, a PE ratio of -0.31 and a beta of 3.04. The company has a debt-to-equity ratio of 3.48, a current ratio of 2.78 and a quick ratio of 24.36.

About Kanabo Group

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.