Kibo Energy (LON:KIBO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Kibo Energy PLC (LON:KIBO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0 and traded as high as GBX 0.01. Kibo Energy shares last traded at GBX 0, with a volume of 3,708,307 shares.

Kibo Energy Price Performance

The firm has a market cap of £369,000.00, a price-to-earnings 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.

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. Additionally, it is building a portfolio of flexible energy projects in the UK through its 60% owned subsidiary, Mast Energy Developments Limited.