Danakali Ltd (ASX:DNK) dropped 3.7% during trading on Friday . The stock traded as low as A$0.64 ($0.45) and last traded at A$0.65 ($0.46), approximately 9,870 shares changed hands during mid-day trading. A decline of 91% from the average daily volume of 107,648 shares. The stock had previously closed at A$0.67 ($0.48).
The company has a 50 day moving average of A$0.70 and a 200 day moving average of A$0.74. The firm has a market cap of $171.13 million and a P/E ratio of -23.89.
About Danakali (ASX:DNK)
Danakali Limited engages in the exploration of minerals in Eritera, East Africa. It holds interests in 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. Danakali Limited is based in Perth, Australia.
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