Woodbois (LON:WBI) Trading Down 20% – Time to Sell?

Shares of Woodbois Limited (LON:WBI) dropped 20% on Wednesday . The company traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 196,062,703 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 125,818,664 shares. The stock had previously closed at GBX 0.05 ($0.00).

Woodbois Stock Performance

The stock has a fifty day simple moving average of GBX 0.05 and a two-hundred day simple moving average of GBX 0.09. The stock has a market cap of £2.62 million, a price-to-earnings ratio of -0.22 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.

About Woodbois

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.