Kropz (LON:KRPZ) Stock Price Down 14.5% – Here’s Why

Shares of Kropz plc (LON:KRPZ) fell 14.5% during trading on Wednesday . The stock traded as low as GBX 1.11 and last traded at GBX 1.11. 39,094 shares changed hands during trading, a decline of 79% from the average session volume of 183,169 shares. The stock had previously closed at GBX 1.30.

Kropz Trading Down 14.5%

The firm has a market capitalization of £17.43 million, a price-to-earnings ratio of 1.43 and a beta of -0.10. The firm’s 50 day moving average is GBX 1.14 and its 200 day moving average is GBX 0.78. The company has a quick ratio of 0.15, a current ratio of 0.12 and a debt-to-equity ratio of 53.40.

About Kropz

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.