Shares of Kore Potash plc (LON:KP2 – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 3.90 and last traded at GBX 3.80, with a volume of 2006298 shares trading hands. The stock had previously closed at GBX 3.70.
Kore Potash Price Performance
The stock has a market capitalization of £196.69 million, a P/E ratio of -190.00 and a beta of 1.30. The company’s 50 day simple moving average is GBX 3.35 and its two-hundred day simple moving average is GBX 3.19.
About Kore Potash
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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