Kore Potash (LON:KP2) Trading Down 3.7% – Time to Sell?

Kore Potash plc (LON:KP2)’s stock price dropped 3.7% on Wednesday . The stock traded as low as GBX 3.13 and last traded at GBX 3.13. Approximately 52,250 shares were traded during trading, a decline of 98% from the average session volume of 2,704,217 shares. The stock had previously closed at GBX 3.25.

Kore Potash Stock Down 3.7%

The firm has a market capitalization of £162.01 million, a P/E ratio of -156.50 and a beta of 1.30. The business has a 50-day moving average price of GBX 3.07 and a 200-day moving average price of GBX 3.18.

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.