Kropz (LON:KRPZ) Shares Down 4% – Here’s Why

Kropz plc (LON:KRPZ) shares dropped 4% during mid-day trading on Tuesday . The company traded as low as GBX 1.20 and last traded at GBX 1.20. 3,475 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 133,909 shares. The stock had previously closed at GBX 1.25.

Kropz Stock Down 4.0%

The company has a 50-day simple moving average of GBX 1.27 and a 200-day simple moving average of GBX 1.04. The company has a debt-to-equity ratio of 92.78, a current ratio of 0.14 and a quick ratio of 0.15. The firm has a market cap of £19.77 million, a PE ratio of 1.54 and a beta of -0.10.

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.