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

Kanabo Group Plc (LON:KNB)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.15 ($0.00) and last traded at GBX 0.24 ($0.00), with a volume of 923423 shares changing hands. The stock had previously closed at GBX 0.20 ($0.00).

Kanabo Group Stock Performance

The company has a quick ratio of 24.36, a current ratio of 2.78 and a debt-to-equity ratio of 3.48. The firm has a 50-day moving average price of GBX 0.70 and a two-hundred day moving average price of GBX 0.88. The firm has a market cap of £1.51 million, a PE ratio of -0.18 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.