Kanabo Group (LON:KNB) Sets New 12-Month Low – What’s Next?

Shares of Kanabo Group Plc (LON:KNB) reached a new 52-week low on Tuesday . The company traded as low as GBX 0.92 ($0.01) and last traded at GBX 0.92 ($0.01), with a volume of 1250580 shares trading hands. The stock had previously closed at GBX 1.06 ($0.01).

Kanabo Group Stock Performance

The stock has a 50 day moving average price of GBX 1.16 and a two-hundred day moving average price of GBX 1.38. The company has a current ratio of 2.78, a quick ratio of 24.36 and a debt-to-equity ratio of 3.49. The company has a market cap of £5.94 million, a price-to-earnings ratio of -120.00 and a beta of 3.04.

Insider Activity

In other Kanabo Group news, insider Ian Mattioli bought 150,000 shares of Kanabo Group stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £1,500 ($1,945.27). 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.