Kibo Energy (LON:KIBO) Trading Up 20% – Still a Buy?

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

Kibo Energy Stock Performance

The stock has a market capitalization of £492,000.00, a P/E ratio of -5.50 and a beta of -0.10. The business has a 50 day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.01. The company has a debt-to-equity ratio of 293.44, a quick ratio of 0.48 and a current ratio of 0.05.

Kibo Energy Company Profile

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.