Kanabo Group (LON:KNB) Trading 20% Higher – Still a Buy?

Kanabo Group Plc (LON:KNB)’s share price traded up 20% during mid-day trading on Thursday . The company traded as high as GBX 0.25 ($0.00) and last traded at GBX 0.24 ($0.00). 320,230 shares changed hands during trading, a decline of 34% from the average session volume of 482,392 shares. The stock had previously closed at GBX 0.20 ($0.00).

Kanabo Group Stock Down 9.6 %

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 fifty day simple moving average is GBX 0.62 and its 200 day simple moving average is GBX 0.85. The firm has a market capitalization of £1.43 million, a P/E ratio of -0.17 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.