Kore Potash plc (LON:KP2 – Get Free Report) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 3.59 and traded as low as GBX 3.55. Kore Potash shares last traded at GBX 3.58, with a volume of 141,547 shares.
Kore Potash Stock Up 7.2%
The company has a market capitalization of £191.51 million, a P/E ratio of -185.00 and a beta of 1.30. The firm has a 50-day moving average price of GBX 3.59 and a two-hundred day moving average price of GBX 3.28.
About Kore Potash
Kore Potash Plc (AIM: KP2, ASX: KP2, JSE: KP2) is an advanced stage mineral exploration and development company that is incorporated in England and Wales and listed on AIM, a market operated by the London Stock Exchange, the Australian Securities Exchange (ASX) and the JSE Limited (JSE) in South Africa.
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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