Kibo Energy PLC (LON:KIBO)’s share price traded down 13.3% on Wednesday . The stock traded as low as GBX 1.26 ($0.02) and last traded at GBX 1.30 ($0.02). 4,132,453 shares traded hands during mid-day trading, an increase of 132% from the average session volume of 1,780,000 shares. The stock had previously closed at GBX 1.50 ($0.02).
The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 3.29. The firm has a market cap of $9.01 million and a price-to-earnings ratio of -1.68.
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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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