Kanabo Group (LON:KNB) Shares Up 21.7%

Shares of Kanabo Group Plc (LON:KNB) rose 21.7% during trading on Tuesday . The company traded as high as GBX 1.40 ($0.02) and last traded at GBX 1.40 ($0.02). Approximately 810,605 shares were traded during mid-day trading, an increase of 70% from the average daily volume of 478,074 shares. The stock had previously closed at GBX 1.15 ($0.02).

Kanabo Group Trading Down 8.3 %

The company has a market cap of £6.96 million, a P/E ratio of -120.00 and a beta of 3.04. The business’s 50-day moving average price is GBX 1.25 and its 200 day moving average price is GBX 1.50. The company has a debt-to-equity ratio of 3.63, a quick ratio of 24.36 and a current ratio of 5.04.

Insider Buying and Selling

In other Kanabo Group news, insider Ian Mattioli acquired 150,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £1,500 ($1,981.51). 37.01% of the stock is currently owned by corporate insiders.

Kanabo Group Company Profile

Kanabo Group Plc engages in the development and distribution of cannabis-derived solutions for medical and wellness products. It operates through Primary Care and Secondary Care segments. The company offers non- tetrahydrocannabinol products for cannabidiol consumers. It also provides cultivation consultancy, research and development, and telemedicine and tele pharma services, as well as develops and distributes formulations; operates ecommerce platform, the Kanabo Store; and operates Treat It, an online clinic that provides mental health treatments.