Shore Capital Reaffirms House Stock Rating for Kore Potash (LON:KP2)

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 research analysts at Shore Capital in a research note issued to investors on Thursday, MarketBeat reports.

Kore Potash Stock Down 1.7%

Shares of KP2 traded down GBX 0.04 ($0.00) during mid-day trading on Thursday, hitting GBX 2.36 ($0.03). 11,722,122 shares of the company traded hands, compared to its average volume of 1,744,209. Kore Potash has a 1-year low of GBX 1.70 ($0.02) and a 1-year high of GBX 4.50 ($0.06). The company has a market capitalization of £129.28 million, a PE ratio of -109,259.26 and a beta of 1.31. The business has a 50 day moving average of GBX 2.63 and a 200 day moving average of GBX 2.45.

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.