Chatham Rock Phosphate (CVE:NZP) Trading Down 30% – Here’s What Happened

Chatham Rock Phosphate Limited (CVE:NZPGet Free Report) fell 30% during trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 171,500 shares traded hands during trading, an increase of 446% from the average session volume of 31,386 shares. The stock had previously closed at C$0.05.

Chatham Rock Phosphate Price Performance

The stock has a market capitalization of C$4.04 million, a PE ratio of -4.12 and a beta of 0.50. The firm’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05.

Chatham Rock Phosphate Company Profile

(Get Free Report)

Chatham Rock Phosphate Limited operates as a mineral development company in New Zealand, French Polynesia, and Australia. It focuses on the development and exploitation of the Chatham Rise rock phosphate deposit, which comprises a mining permit covering an area of 820 square kilometers located in New Zealand; and Makatea phosphate project. The company is based in Wellington, New Zealand.

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