Kolibri Global Energy (NASDAQ:KGEI) Stock Price Up 2.2% – Time to Buy?

Shares of Kolibri Global Energy Inc. (NASDAQ:KGEI) traded up 2.2% on Tuesday . The company traded as high as $3.70 and last traded at $3.70. 63,673 shares changed hands during trading, an increase of 229% from the average session volume of 19,326 shares. The stock had previously closed at $3.62.

Kolibri Global Energy Price Performance

The stock has a fifty day moving average of $3.32 and a two-hundred day moving average of $3.32. The stock has a market cap of $131.87 million and a price-to-earnings ratio of 7.71. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Kolibri Global Energy

A hedge fund recently bought a new stake in Kolibri Global Energy stock. National Bank of Canada FI bought a new stake in Kolibri Global Energy Inc. (NASDAQ:KGEI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 43,808 shares of the company’s stock, valued at approximately $140,000. National Bank of Canada FI owned approximately 0.12% of Kolibri Global Energy at the end of the most recent quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

About Kolibri Global Energy

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.