Kibo Energy (LON:KIBO) Shares Up 20% – What’s Next?

Kibo Energy PLC (LON:KIBO) shares were up 20% during trading on Friday . The company traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 66,000 shares changed hands during trading, an increase of 60% from the average daily volume of 41,160 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Stock Up 20.0 %

The company has a debt-to-equity ratio of 293.44, a current ratio of 0.05 and a quick ratio of 0.48. The business has a 50 day moving average of GBX 0.01 and a 200 day moving average of GBX 0.01. The firm has a market capitalization of £738,000.00, a price-to-earnings ratio of -5.50 and a beta of -0.10.

About Kibo Energy

Kibo Energy PLC is a multi-asset energy company positioned to address acute power deficits in Sub-Saharan Africa and, more recently, the UK.

The Company is focused on the development of three thermal coal power projects in Mozambique, Botswana and Tanzania, which all share stable operating environments as well as an acute need for consistent power.