Kolibri Global Energy (TSE:KEI) Stock Price Down 1.6% - Here's What Happened

Key Points

• Kolibri Global Energy Inc. shares dropped 1.6% to C$7.87 on Thursday, following a previous close of C$8.00.
• The company has a market capitalization of C$278.42 million, a P/E ratio of 14.57, and a beta of 2.22.
• Kolibri Global Energy focuses on the acquisition, exploration, and production of oil and gas reserves in the United States, Canada, and other regions.

Kolibri Global Energy Inc. (TSE:KEI - Get Free Report)'s share price dropped 1.6% on Thursday . The stock traded as low as C$7.78 and last traded at C$7.87. Approximately 30,276 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 45,715 shares. The stock had previously closed at C$8.00.

Kolibri Global Energy Price Performance

The firm has a market capitalization of C$277.00 million, a price-to-earnings ratio of 14.50 and a beta of 2.22. The stock has a fifty day moving average of C$7.86 and a two-hundred day moving average of C$9.05.

Kolibri Global Energy Company Profile

Kolibri Global Energy Inc is an exploration company. It is focused on the acquisition, exploration, and production of oil and gas reserves. The company owns and operates shale oil and gas properties in the United States. Its segments include the United States, Canada, and Other. The company derives a majority of its revenue from the United States.