Kanabo Group (LON:KNB) Hits New 52-Week Low – Here’s What Happened

Kanabo Group Plc (LON:KNB)’s stock price hit a new 52-week low on Thursday . The company traded as low as GBX 0.70 ($0.01) and last traded at GBX 0.72 ($0.01), with a volume of 72633 shares trading hands. The stock had previously closed at GBX 0.75 ($0.01).

Kanabo Group Stock Performance

The company has a market capitalization of £4.57 million, a P/E ratio of -0.56 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 3.48. The stock has a fifty day simple moving average of GBX 0.86 and a 200-day simple moving average of GBX 1.01.

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.