Chatham Rock Phosphate (CVE:NZP) Sets New 1-Year Low – Here’s Why

Chatham Rock Phosphate Limited (CVE:NZP) shares reached a new 52-week low on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 17793 shares trading hands. The stock had previously closed at C$0.05.

Chatham Rock Phosphate Trading Down 11.1%

The business’s fifty day moving average is C$0.05 and its 200 day moving average is C$0.05. The company has a market cap of C$4.62 million, a P/E ratio of -4.71 and a beta of 0.69.

Chatham Rock Phosphate Company Profile

Chatham Rock Phosphate Limited operates as a mineral development company in New Zealand, French Polynesia, and Australia. It focuses on the development and exploitation of the Chatham Rise rock phosphate deposit, which comprises a mining permit covering an area of 820 square kilometers located in New Zealand; and Makatea phosphate project. The company is based in Wellington, New Zealand.