Danakali (LON:DNK) Trading Up 4,551.2% – What’s Next?

by · The Markets Daily

Danakali Limited (LON:DNK – Get Free Report)’s stock price traded up 4,551.2% during trading on Tuesday . The company traded as high as GBX 20.50 ($0.27) and last traded at GBX 20 ($0.26). 1,704 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 15,690 shares. The stock had previously closed at GBX 0.43 ($0.01).

Danakali Stock Up 4,551.2 %

The company has a 50 day moving average of GBX 20 and a 200 day moving average of GBX 20. The stock has a market capitalization of £73.67 million and a price-to-earnings ratio of -18.18.

Danakali Company Profile

(Get Free Report)

Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It focuses on the development of the Colluli potash project located in the Danakil Depression region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015.

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