Kanabo Group (LON:KNB) Trading Up 11.1% – Still a Buy?

Shares of Kanabo Group Plc (LON:KNB) rose 11.1% on Friday . The company traded as high as GBX 1 ($0.01) and last traded at GBX 1 ($0.01). Approximately 140,907 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 425,958 shares. The stock had previously closed at GBX 0.90 ($0.01).

Kanabo Group Stock Performance

The firm has a market capitalization of £6.32 million, a P/E ratio of -100.00 and a beta of 3.04. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.78 and a quick ratio of 24.36. The firm has a 50-day moving average price of GBX 0.96 and a two-hundred day moving average price of GBX 1.17.

About Kanabo Group

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.