Kanabo Group (LON:KNB) Sets New 1-Year Low – Time to Sell?

Kanabo Group Plc (LON:KNB)’s stock price hit a new 52-week low on Monday . The company traded as low as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01), with a volume of 137602 shares traded. The stock had previously closed at GBX 1.10 ($0.01).

Kanabo Group Price Performance

The stock has a market cap of £5.69 million, a PE ratio of -100.00 and a beta of 3.04. The firm’s 50 day moving average price is GBX 1.12 and its two-hundred day moving average price is GBX 1.33. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.78 and a quick ratio of 24.36.

Insider Activity at Kanabo Group

In other news, insider Ian Mattioli purchased 150,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average price of GBX 1 ($0.01) per share, with a total value of £1,500 ($1,890.36). 37.01% of the stock is currently owned by company insiders.

Kanabo Group Company Profile

Kanabo Group Plc, a digital health company, engages in the research, development and commercialization of cannabis-derived formulations and therapeutic inhalation devices. It operates through Primary Care and Secondary Care segments. The company offers The GP Service, an online telehealth platform, that provides patients with video consultations, online prescriptions, and primary care services; and operates Treat It, an online clinic focused on management of chronic pain.