Kibo Energy (LON:KIBO) Share Price Crosses Below 200 Day Moving Average of $0.23

Kibo Energy PLC (LON:KIBO) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.23 ($0.00) and traded as low as GBX 0.21 ($0.00). Kibo Energy shares last traded at GBX 0.22 ($0.00), with a volume of 6,897,610 shares traded.

The company has a debt-to-equity ratio of 2.51, a quick ratio of 2.95 and a current ratio of 2.95. The business has a 50-day moving average price of GBX 0.22 and a 200 day moving average price of GBX 0.23. The stock has a market capitalization of £5.32 million and a P/E ratio of -1.08.

About Kibo Energy (LON:KIBO)

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 100% interest in the Mbeya Coal to Power project located in Songwe Regio, Tanzania. It also holds an 85% interest in the Mabesekwa Coal Independent Power Project located in Botswana; and 65% interest in the Benga Power Plant Project located in the Tete province of Mozambique.

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