Kropz (LON:KRPZ) Shares Down 19.2% – Should You Sell?

Kropz plc (LON:KRPZ) traded down 19.2% during mid-day trading on Wednesday. The stock traded as low as GBX 0.40 and last traded at GBX 0.42. Approximately 399,507 shares were traded during trading, an increase of 250% from the average daily volume of 114,091 shares. The stock had previously closed at GBX 0.53.

Kropz Price Performance

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 capitalization of £6.98 million, a price-to-earnings ratio of 0.54 and a beta of 0.32. The business’s fifty day simple moving average is GBX 0.75 and its 200 day simple moving average is GBX 1.06.

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.