Kropz (LON:KRPZ) Stock Price Up 2% – Here’s Why

Shares of Kropz plc (LON:KRPZ) shot up 2% on Wednesday . The company traded as high as GBX 1.27 and last traded at GBX 1.27. Approximately 60,000 shares changed hands during trading, a decline of 51% from the average session volume of 121,422 shares. The stock had previously closed at GBX 1.25.

Kropz Trading Up 2.0%

The company has a debt-to-equity ratio of 92.78, a quick ratio of 0.15 and a current ratio of 0.14. The stock has a market cap of £21.00 million, a P/E ratio of 1.63 and a beta of 0.41. The company has a 50-day simple moving average of GBX 1.27 and a 200-day simple moving average of GBX 1.11.

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.