Kore Potash (LON:KP2) Trading Down 1.5% – Should You Sell?

Kore Potash plc (LON:KP2)’s share price was down 1.5% on Tuesday . The stock traded as low as GBX 2.91 and last traded at GBX 2.91. Approximately 11,670,117 shares were traded during mid-day trading, an increase of 581% from the average daily volume of 1,713,752 shares. The stock had previously closed at GBX 2.95.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Kore Potash in a research report on Thursday, July 31st.

Kore Potash Price Performance

The company has a fifty day moving average price of GBX 3.32 and a two-hundred day moving average price of GBX 3.01. The firm has a market cap of £141.07 million, a price-to-earnings ratio of -96.83 and a beta of 1.31.

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.