Kropz (LON:KRPZ) Shares Down 19.2% – Here’s What Happened
by Mitch Edgeman · The Markets DailyKropz plc (LON:KRPZ – Get Free Report) shares were down 19.2% during trading on Wednesday. The company traded as low as GBX 0.40 and last traded at GBX 0.42. 399,507 shares were traded during trading, an increase of 250% from the average daily volume of 114,091 shares. The stock had previously closed at GBX 0.53.
Kropz Trading Down 19.2%
The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 92.78. The company has a market cap of £6.98 million, a PE ratio of 0.54 and a beta of 0.32. The business’s 50-day simple moving average is GBX 0.78 and its 200-day simple moving average is GBX 1.07.
Kropz Company Profile
Kropz is an emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa and a phosphate project in the Republic of Congo (‘RoC’). The vision of the Kropz Group is to become a leading independent phosphate rock producer and to develop into an integrated, mine-to-market plant nutrient company focusing on sub-Saharan Africa.
Kropz’s Elandsfontein Phosphate Project is a near-term producing asset in South Africa’s Western Cape Province, close to export infrastructure and primed to take advantage of a recovery in phosphate prices.