Kanabo Group (LON:KNB) Hits New 52-Week Low – Time to Sell?

Shares of Kanabo Group Plc (LON:KNB) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 0.70 ($0.01) and last traded at GBX 0.72 ($0.01), with a volume of 72633 shares. The stock had previously closed at GBX 0.75 ($0.01).

Kanabo Group Stock Down 3.7 %

The company has a current ratio of 2.78, a quick ratio of 24.36 and a debt-to-equity ratio of 3.48. The company’s 50 day moving average is GBX 0.85 and its 200 day moving average is GBX 1. The company has a market cap of £4.57 million, a PE ratio of -0.56 and a beta of 3.04.

Kanabo Group Company Profile

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.