Kore Potash (LON:KP2) Earns House Stock Rating from Shore Capital

Key Points

• Kore Potash (LON:KP2) has received a reaffirmed "house stock" rating from Shore Capital, reflecting confidence in the company's potential.
• The company’s shares opened at GBX 2.30, with a 52-week range between GBX 1.70 and GBX 4.50, indicating its volatility in recent times.
• Kore Potash is advancing the Sintoukola potash basin project in the Republic of Congo, aiming to bring significant potash deposits into production.

Kore Potash (LON:KP2 - Get Free Report)'s stock had its "house stock" rating reiterated by equities researchers at Shore Capital in a note issued to investors on Thursday, MarketBeat reports.

Kore Potash Price Performance

KP2 traded up GBX 0.03 ($0.00) during midday trading on Thursday, hitting GBX 2.39 ($0.03). 7,172,335 shares of the company's stock traded hands, compared to its average volume of 1,803,250. The company has a market cap of £130.71 million, a PE ratio of -110,462.96 and a beta of 1.31. The stock's fifty day simple moving average is GBX 2.63 and its 200-day simple moving average is GBX 2.45. Kore Potash has a one year low of GBX 1.70 ($0.02) and a one year high of GBX 4.50 ($0.06).

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.