Shares of Australian Potash Ltd (ASX:APC) shot up 4.2% during trading on Friday . The company traded as high as A$0.13 ($0.09) and last traded at A$0.13 ($0.09), 2,852,415 shares were traded during mid-day trading. An increase of 1,638% from the average session volume of 164,122 shares. The stock had previously closed at A$0.12 ($0.09).

The firm has a market capitalization of $44.70 million and a P/E ratio of -10.42. The stock’s 50 day simple moving average is A$0.10 and its 200 day simple moving average is A$0.09.

Australian Potash Company Profile (ASX:APC)

Australian Potash Limited operates as a minerals exploration company in Australia. The company's principal project is the Lake Wells potash project located in the northeast part of the Yilgarn Craton, Western Australia. It also holds interests in the Yamarna gold project and the Laverton Downs gold and base metals project located in Australia.

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