Danakali (LON:DNK) Trading 4,551.2% Higher – Should You Buy?

by · The Markets Daily

Danakali Limited (LON:DNK – Get Free Report) rose 4,551.2% on Tuesday . The stock traded as high as GBX 20.50 ($0.26) and last traded at GBX 20 ($0.26). Approximately 1,704 shares traded hands during trading, a decline of 89% from the average daily volume of 15,690 shares. The stock had previously closed at GBX 0.43 ($0.01).

Danakali Trading Up 4,551.2 %

The firm has a 50 day moving average price of GBX 20 and a 200-day moving average price of GBX 20. The firm has a market cap of £73.67 million and a PE ratio of -18.18.

Danakali Company Profile

(Get Free Report)

Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It focuses on the development of the Colluli potash project located in the Danakil Depression region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015.

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