Kore Potash (LON:KP2) Stock Price Down 1.9% - Here's Why

Key Points

• Kore Potash plc shares experienced a 1.9% drop to GBX 3.14 ($0.04) on Thursday, with trading volume plummeting by 98% compared to the average session.
• Shore Capital has reaffirmed a "house stock" rating on Kore Potash shares, indicating continued confidence despite the current stock performance.
• The company focuses on advancing mineral exploration and development of the Sintoukola potash basin in the Republic of Congo, aiming to bring significant global potash deposits into production.

Kore Potash plc (LON:KP2 - Get Free Report) shares traded down 1.9% on Thursday . The stock traded as low as GBX 3.14 ($0.04) and last traded at GBX 3.14 ($0.04). 31,660 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 1,745,100 shares. The stock had previously closed at GBX 3.20 ($0.04).

Wall Street Analysts Forecast Growth

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

Kore Potash Stock Down 1.9%

The firm's 50-day moving average price is GBX 2.50 and its 200 day moving average price is GBX 2.51. The company has a market capitalization of £172.01 million, a P/E ratio of -145,370.37 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.

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