Kibo Energy (LON:KIBO) Shares Up 12.5% – What’s Next?

Kibo Energy PLC (LON:KIBO)’s share price rose 12.5% on Thursday . The stock traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 110,000 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 21,008,539 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Price Performance

The company has a quick ratio of 0.48, a current ratio of 0.05 and a debt-to-equity ratio of 293.44. The business has a 50-day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.01. The company has a market cap of £431,000.00, a PE ratio of -5.50 and a beta of -0.10.

Kibo Energy (LON:KIBO) last announced its earnings results on Monday, December 23rd. The company reported GBX (0.10) ($0.00) earnings per share (EPS) for the quarter.

Kibo Energy Company Profile

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.