Kropz (LON:KRPZ) Shares Down 18.8% – Here’s What Happened

Shares of Kropz plc (LON:KRPZ) traded down 18.8% during mid-day trading on Wednesday . The company traded as low as GBX 1.30 and last traded at GBX 1.30. 358,423 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 239,239 shares. The stock had previously closed at GBX 1.60.

Kropz Stock Down 10.3%

The company has a market cap of £20.38 million, a PE ratio of 1.67 and a beta of -0.10. The firm has a 50-day simple moving average of GBX 0.82 and a two-hundred day simple moving average of GBX 0.63. The company has a debt-to-equity ratio of 125.65, a current ratio of 0.21 and a quick ratio of 0.15.

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.