Woodbois (LON:WBI) Trading Down 7.5% – Here’s Why

Woodbois Limited (LON:WBI)’s stock price fell 7.5% during mid-day trading on Friday . The stock traded as low as GBX 0.18 ($0.00) and last traded at GBX 0.19 ($0.00). 47,759,336 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 40,377,820 shares. The stock had previously closed at GBX 0.20 ($0.00).

Woodbois Stock Down 7.5 %

The firm has a market cap of £7.31 million, a price-to-earnings ratio of -8.50 and a beta of 0.50. The firm has a 50-day moving average of GBX 0.29 and a two-hundred day moving average of GBX 0.36. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 2.54.

About Woodbois

Woodbois Limited is an active leader in forestry management which produces and trades in sustainable African hardwood products while seeking positive impact on people and the planet.

Woodbois’ forestry division has production facilities in Gabon and Mozambique, managing a total of c470,000 hectares of natural forest concessions.