Kibo Energy (LON:KIBO) Trading 12.5% Higher – Here’s Why

Shares of Kibo Energy PLC (LON:KIBO) rose 12.5% during trading on Friday . The company traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 10,000,000 shares changed hands during trading, a decline of 72% from the average daily volume of 36,082,137 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Price Performance

The company has a debt-to-equity ratio of 293.44, a quick ratio of 0.48 and a current ratio of 0.05. The stock’s 50-day moving average price is GBX 0.01 and its two-hundred day moving average price is GBX 0.01. The stock has a market capitalization of £431,000.00, a PE ratio of -5.50 and a beta of -0.10.

About Kibo Energy

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.