Kibo Energy PLC (LON:KIBO) traded down 9.1% during mid-day trading on Tuesday . The stock traded as low as GBX 0.76 ($0.01) and last traded at GBX 0.75 ($0.01). 2,026,507 shares changed hands during trading, an increase of 14% from the average session volume of 1,780,000 shares. The stock had previously closed at GBX 0.83 ($0.01).
Separately, First Equity assumed coverage on shares of Kibo Energy in a research note on Wednesday, November 28th. They set a “buy” rating and a GBX 15 ($0.20) price target for the company.
The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 3.29. The company has a market capitalization of $5.04 million and a PE ratio of -1.07.
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Kibo Energy Company Profile (LON:KIBO)
Kibo Energy PLC, together with its subsidiaries, explores for and develops coal and other minerals in Africa. It also explores for nickel, gold, and platinum group metals. The company's flagship project is the Mbeya coal to power project that comprises 22 tenements located in south-western Tanzania.
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