Kibo Energy (LON:KIBO) Shares Pass Below 200-Day Moving Average – Here’s Why

Kibo Energy PLC (LON:KIBOGet Free Report)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0.01 ($0.00) and traded as low as GBX 0.01 ($0.00). Kibo Energy shares last traded at GBX 0.01 ($0.00), with a volume of 10,250,000 shares changing hands.

Kibo Energy Price Performance

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 firm’s 50 day moving average price is GBX 0.01 and its two-hundred day moving average price is GBX 0.01. The firm has a market cap of £369,000.00, a price-to-earnings ratio of -5.50 and a beta of -0.10.

Kibo Energy (LON:KIBOGet Free Report) last posted its quarterly earnings results on Monday, December 23rd. The company reported GBX (0.10) ($0.00) earnings per share (EPS) for the quarter.

Kibo Energy Company Profile

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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.

Further Reading

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