Kibo Energy (KIBO) Shares Up 80.4%

Kibo Energy PLC (LON:KIBO) shot up 80.4% on Wednesday . The stock traded as high as GBX 2.50 ($0.03) and last traded at GBX 1.98 ($0.03). 23,289,355 shares traded hands during mid-day trading, an increase of 1,208% from the average session volume of 1,780,000 shares. The stock had previously closed at GBX 1.10 ($0.01).

The company has a debt-to-equity ratio of 3.29, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $15.21 million and a price-to-earnings ratio of -2.83.

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Kibo Energy Company Profile (LON:KIBO)

Kibo Energy PLC, together with its subsidiaries, explores for and develops coal and other minerals in Africa. It also explores for nickel, gold, and platinum group metals. The company's flagship project is the Mbeya coal to power project that comprises 22 tenements located in south-western Tanzania.

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