Salt Lake Potash Limited (LON:SO4) shares were down 2.2% on Wednesday . The stock traded as low as GBX 23.70 ($0.31) and last traded at GBX 23.71 ($0.31). Approximately 62,749 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 331,221 shares. The stock had previously closed at GBX 24.25 ($0.32).
The company has a market capitalization of £184.13 million and a P/E ratio of -48.30. The company has a debt-to-equity ratio of 54.77, a current ratio of 4.60 and a quick ratio of 3.31. The stock’s 50 day simple moving average is GBX 25.08 and its two-hundred day simple moving average is GBX 26.17.
About Salt Lake Potash (LON:SO4)
Salt Lake Potash Limited engages in the exploration and development of resource projects in Australia. The company explores for sulphate of potash deposits. It primarily owns 11 salt lakes covering an area of approximately 5,000 square kilometers in the Northern Goldfields region of Western Australia.
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