Kropz (LON:KRPZ) Stock Price Down 11.1% – Here’s Why

Kropz plc (LON:KRPZ)’s share price dropped 11.1% during mid-day trading on Wednesday . The company traded as low as GBX 0.80 and last traded at GBX 0.80. 80,271 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 112,449 shares. The stock had previously closed at GBX 0.90.

Kropz Trading Down 11.1%

The company has a debt-to-equity ratio of 92.78, a quick ratio of 0.15 and a current ratio of 0.14. The firm has a market capitalization of £13.18 million, a price-to-earnings ratio of 1.03 and a beta of 0.41. The business has a fifty day moving average price of GBX 1.17 and a 200 day moving average price of GBX 1.15.

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.