Kolibri Global Energy (NASDAQ:KGEI) Trading 2.2% Higher – Should You Buy?

Shares of Kolibri Global Energy Inc. (NASDAQ:KGEI) traded up 2.2% during trading on Tuesday . The stock traded as high as $3.70 and last traded at $3.70. 63,673 shares were traded during mid-day trading, an increase of 229% from the average session volume of 19,326 shares. The stock had previously closed at $3.62.

Kolibri Global Energy Price Performance

The business has a 50-day simple moving average of $3.36 and a two-hundred day simple moving average of $3.32. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $141.85 million and a P/E ratio of 8.29.

Institutional Trading of Kolibri Global Energy

A hedge fund recently bought a new stake in Kolibri Global Energy stock. National Bank of Canada FI bought a new position in shares of Kolibri Global Energy Inc. (NASDAQ:KGEI) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 43,808 shares of the company’s stock, valued at approximately $140,000. National Bank of Canada FI owned about 0.12% of Kolibri Global Energy as of its most recent SEC filing. Institutional investors own 27.26% of the company’s stock.

About Kolibri Global Energy

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.