Shares of Kore Potash plc (LON:KP2 – Get Free Report) rose 7.1% during trading on Monday . The company traded as high as GBX 3.10 and last traded at GBX 3. Approximately 17,623 shares were traded during trading, a decline of 98% from the average daily volume of 1,142,649 shares. The stock had previously closed at GBX 2.80.
Kore Potash Stock Down 4.9%
The company has a 50 day moving average price of GBX 3.10 and a 200-day moving average price of GBX 3.14. The company has a market cap of £146.63 million, a price-to-earnings ratio of -141.65 and a beta of 1.30.
Kore Potash Company Profile
Through the development of the Sintoukola potash basin in the Republic of Congo (RoC), Kore Potash is working to bring a number of globally significant potash deposits into production. Focus is on two high-grade projects: Kola and DX.
The Company aims to move quickly to cash generation from the DX project, which has a modest capital cost and planned production of 400,000 tonnes per annum of Muriate of Potash and its adjacent potash projects provide the potential for long-term potash production district from the area.
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