Kibo Energy (LON:KIBO) Trading Down 30% – Time to Sell?

Kibo Energy PLC (LON:KIBO)’s share price dropped 30% during mid-day trading on Friday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 94,855,711 shares were traded during mid-day trading, an increase of 457% from the average daily volume of 17,023,963 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Stock Performance

The stock has a market cap of £430,500.00, a PE ratio of -5.50 and a beta of -0.10. The company has a current ratio of 0.05, a quick ratio of 0.48 and a debt-to-equity ratio of 293.44. The business’s 50-day moving average price is GBX 0.01 and its 200-day moving average price is GBX 0.01.

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.