Kanabo Group (LON:KNB) Stock Price Down 3%

Kanabo Group Plc (LON:KNB)’s stock price was down 3% during trading on Wednesday . The company traded as low as GBX 12.50 ($0.17) and last traded at GBX 13.10 ($0.18). Approximately 645,912 shares changed hands during trading, a decline of 27% from the average daily volume of 886,273 shares. The stock had previously closed at GBX 13.50 ($0.18).

The business has a fifty day simple moving average of GBX 13.21 and a 200 day simple moving average of GBX 16.43. The company has a market cap of £53.16 million and a P/E ratio of -11.08.

Kanabo Group Company Profile (LON:KNB)

Kanabo Group Plc focuses on the research and development, production, and sale of medical cannabis products to treat CNS disorders in Europe. The company intends to distribute cannabis-derived products for medical patients; and non-THC products for CBD consumers. It also provides VapePod, a medically certified delivery system for cannabis extracts.

Further Reading: Are sell-side analysts objective?

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