Kore Potash (LON:KP2) Stock Price Down 6.5% – Should You Sell?

Kore Potash plc (LON:KP2)’s share price traded down 6.5% on Friday . The company traded as low as GBX 3 and last traded at GBX 3.09. 568,318 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 1,129,485 shares. The stock had previously closed at GBX 3.30.

Kore Potash Price Performance

The stock has a market cap of £170.81 million, a price-to-earnings ratio of -165.00 and a beta of 1.31. The stock has a fifty day moving average of GBX 3.34 and a two-hundred day moving average of GBX 3.19.

Kore Potash Company Profile

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.