Kanabo Group (LON:KNB) Stock Price Down 12.9% – Should You Sell?

Kanabo Group Plc (LON:KNB) traded down 12.9% during mid-day trading on Tuesday . The company traded as low as GBX 0.55 ($0.01) and last traded at GBX 0.57 ($0.01). 282,401 shares traded hands during trading, a decline of 13% from the average session volume of 323,908 shares. The stock had previously closed at GBX 0.65 ($0.01).

Kanabo Group Stock Performance

The stock has a market cap of £3.92 million, a P/E ratio of -0.48 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. The stock’s 50 day simple moving average is GBX 0.81 and its two-hundred day simple moving average is GBX 0.96.

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.