Kropz (LON:KRPZ) Shares Down 8.3% – Here’s What Happened

Kropz plc (LON:KRPZ)’s stock price fell 8.3% on Wednesday . The company traded as low as GBX 1.10 and last traded at GBX 1.10. 222,027 shares were traded during mid-day trading, an increase of 14% from the average session volume of 194,300 shares. The stock had previously closed at GBX 1.20.

Kropz Stock Performance

The business’s fifty day moving average price is GBX 1.03 and its 200-day moving average price is GBX 0.71. The company has a debt-to-equity ratio of 53.40, a quick ratio of 0.15 and a current ratio of 0.12. The stock has a market cap of £17.24 million, a PE ratio of 1.41 and a beta of -0.10.

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.