Kolibri Global Energy (NASDAQ:KGEI) Stock Price Up 2.2% – Here’s What Happened

Kolibri Global Energy Inc. (NASDAQ:KGEI)’s share price was up 2.2% during mid-day trading on Tuesday . The company traded as high as $3.70 and last traded at $3.70. Approximately 63,673 shares were traded during trading, an increase of 229% from the average daily volume of 19,326 shares. The stock had previously closed at $3.62.

Kolibri Global Energy Price Performance

The company has a market cap of $141.85 million and a price-to-earnings ratio of 8.29. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $3.36 and a 200-day simple moving average of $3.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Kolibri Global Energy stock. National Bank of Canada FI purchased a new position in Kolibri Global Energy Inc. (NASDAQ:KGEI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 43,808 shares of the company’s stock, valued at approximately $140,000. National Bank of Canada FI owned about 0.12% of Kolibri Global Energy at the end of the most recent quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Kolibri Global Energy Company Profile

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.