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

Kanabo Group Plc (LON:KNB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.90 ($0.01), with a volume of 616367 shares traded. The stock had previously closed at GBX 0.85 ($0.01).

Kanabo Group Stock Up 5.9 %

The stock has a market cap of £5.69 million, a price-to-earnings ratio of -90.00 and a beta of 3.04. The company has a quick ratio of 24.36, a current ratio of 2.78 and a debt-to-equity ratio of 3.49. The business’s fifty day moving average is GBX 0.95 and its two-hundred day moving average is GBX 1.16.

About Kanabo Group

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.