Woodbois (LON:WBI) Shares Down 12.5% – Here’s Why

Woodbois Limited (LON:WBI) shares traded down 12.5% on Friday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 11,615,371 shares were traded during mid-day trading, a decline of 83% from the average session volume of 69,855,883 shares. The stock had previously closed at GBX 0.04 ($0.00).

Woodbois Stock Down 12.5 %

The business’s 50 day moving average is GBX 0.08 and its 200-day moving average is GBX 0.25. The firm has a market capitalization of £2.19 million, a price-to-earnings ratio of -0.18 and a beta of 0.50. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.49 and a current ratio of 1.14.

Woodbois Company Profile

Woodbois Limited is an active leader in forestry management which produces and trades in sustainable African hardwood products while seeking positive impact on people and the planet.

Woodbois’ forestry division has production facilities in Gabon and Mozambique, managing a total of c470,000 hectares of natural forest concessions.