Kibo Energy (LON:KIBO) Stock Passes Below 200-Day Moving Average – Should You Sell?

Kibo Energy PLC (LON:KIBOGet Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0.02 ($0.00) and traded as low as GBX 0.01 ($0.00). Kibo Energy shares last traded at GBX 0.01 ($0.00), with a volume of 50,000,000 shares changing hands.

Kibo Energy Stock Down 16.7 %

The firm has a market cap of £615,000.00, a PE ratio of -5.50 and a beta of -0.10. The company has a quick ratio of 0.48, a current ratio of 0.05 and a debt-to-equity ratio of 293.44. The firm’s 50 day moving average is GBX 0.01 and its 200-day moving average is GBX 0.02.

About Kibo Energy

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Kibo Energy PLC, together with its subsidiaries, explores for and develops energy projects in Sub Saharan Africa and the United Kingdom. The company holds a 65% interest in the Sustineri Energy project located in South Africa; and 100% interest in the Southport project located in Merseyside, north-west of England.

Further Reading

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