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Kore Potash (LON:KP2) Stock Price Up 10.2% - Time to Buy?

Kore Potash logo with Basic Materials background

Key Points

  • Kore Potash's stock price surged by 10.2% to GBX 3.14 ($0.04) during mid-day trading, with a trading volume significantly increased to approximately 4.66 million shares.
  • Analysts from Shore Capital have restated a "house stock" rating on Kore Potash, suggesting confidence in the company's potential.
  • The company, with a market capitalization of £172.01 million, is advancing the development of the Sintoukola potash basin in the Republic of Congo, focusing on significant potash deposits.
  • Need better tools to track Kore Potash? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Kore Potash plc (LON:KP2 - Get Free Report)'s stock price rose 10.2% during mid-day trading on Thursday . The stock traded as high as GBX 3.20 ($0.04) and last traded at GBX 3.14 ($0.04). Approximately 4,662,681 shares were traded during mid-day trading, an increase of 163% from the average daily volume of 1,774,389 shares. The stock had previously closed at GBX 2.85 ($0.04).

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on Kore Potash

Kore Potash Stock Up 10.2%

The company has a market capitalization of £172.01 million, a PE ratio of -145,370.37 and a beta of 1.31. The firm has a 50-day moving average of GBX 2.51 and a two-hundred day moving average of GBX 2.47.

Kore Potash Company Profile

(Get Free Report)

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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