Woodbois (LON:WBI) Shares Down 12.8% – Here’s What Happened

Woodbois Limited (LON:WBI) dropped 12.8% during trading on Monday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 12,262,456 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 79,209,141 shares. The stock had previously closed at GBX 0.05 ($0.00).

Woodbois Trading Down 5.1 %

The business’s 50-day simple moving average is GBX 0.11 and its two-hundred day simple moving average is GBX 0.26. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.14 and a quick ratio of 0.49. The stock has a market capitalization of £2.31 million, a price-to-earnings ratio of -0.19 and a beta of 0.50.

Woodbois Company Profile

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.