Kore Potash (KP2) Share Price, News & Analysis

Company Overview

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. Kola is scheduled to follow DX in the Company’s development strategy, with a planned production of 2.2 million tonnes per annum of Muriate of Potash over 33 year life. Kore’s projects aim to be among the world’s lowest-cost potash producers due to their favourable location, large size, very high-grade and shallow depth of the deposits. The Company’s major shareholders include the Sovereign Wealth Fund of Oman (SGRF) and global lithium and potash producer, Sociedad Química y Minera de Chile (SQM). The projects are well supported by the government of the RoC with whom Kore has an excellent relationship.

Key Stats

• Today's Range: 3.15 to 3.18
• 50-Day Range: 2.13 to 3.21
• 52-Week Range: 1.72 to 4.50
• Volume: 312,410 shs
• Average Volume: 1.71 million shs
• Market Capitalization: £174.15 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

KP2 Stock Analysis - Frequently Asked Questions

How have KP2 shares performed this year?

Kore Potash's stock was trading at GBX 2.25 at the start of the year. Since then, KP2 shares have increased by 41.6% and is now trading at GBX 3.18.

How do I buy shares of Kore Potash?

Shares of KP2 stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What other stocks do shareholders of Kore Potash own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kore Potash investors own include AutoZone (AZO), Intel (INTC), Lockheed Martin (LMT), Northrop Grumman (NOC), TJX Companies (TJX), Abacus Health Products (ABAHF) and Adaptimmune Therapeutics (ADAP).

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: N/A
• Current Symbol: LON:KP2
• CIK: N/A
• Web: korepotash.com
• Phone: 44-20-3963-1776
• Fax: N/A
• Employees: 21
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): GBX 0
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -£1.48 thousand
• Net Margins: 0.00%
• Pretax Margin: N/A
• Return on Equity: 0.00%
• Return on Assets: -0.41%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.73
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: £181.33 million
• Price / Sales: 0.96
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: GBX 4 per share
• Price / Book: 0.79

Miscellaneous

• Outstanding Shares: 5,478,160,067
• Free Float: N/A
• Market Cap: £174.15 million
• Optionable: Not Optionable
• Beta: 1.31