Shares of Danakali Limited (OTCMKTS:SBMSF – Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $0.06 and traded as low as $0.03. Danakali shares last traded at $0.03, with a volume of 520 shares changing hands.
Danakali Trading Down 62.0%
The stock has a 50-day moving average of $0.07 and a 200 day moving average of $0.06.
About Danakali
Danakali Limited was an Australia-based mineral resources company focused on the development of the Colluli potash project in Eritrea. The project is located in the Danakil Depression and was recognized for its deposits of potassium-bearing salts, which can be processed into sulphate of potash, a specialty fertilizer used for chloride-sensitive crops.
Danakali’s principal business was the exploration, evaluation and planned development of the Colluli resource rather than the operation of a broad portfolio of producing mines.
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