Kore Potash PLC 66.7% potential upside indicated by Canaccord Genuity

Kore Potash PLC with ticker (LON:KP2) now has a potential upside of 66.7% according to Canaccord Genuity.



Canaccord Genuity set a target price of 3 GBX for the company, which when compared to the Kore Potash PLC share price of 1 GBX at opening today (25/11/2021) indicates a potential upside of 66.7%. Trading has ranged between (52 week low) and 2 (52 week high) with an average of 2,585,680 shares exchanging hands daily. The market capitalisation at the time of writing is £33,654,030.

Kore Potash PLC is an advanced-stage mineral exploration and development company. The Company is engaged in the exploration for potash minerals prospect. It operates through the mineral exploration in central Africa segment. Its primary asset is Sintoukola Potash Permit, which is located in the Republic of Congo. It has over three projects at varying development-stages all within approximately 1,070 square kilometers Sintoukola Permit. Its other projects include Kola Sylvinite Project (Kola), Dougou and Yangala. Kola has proven and probable reserves of approximately 150 million tons of sylvinite ore with an average grade of over 31.7% potassium chloride (KCl). The Dougou Deposit is located approximately 10 kilometers southwest of Kola and is a carnallitite deposit with a measured and indicated potash mineral resource of over 1.1 billion tons grading 20.6% KCl. The Yangala sylvinite Prospect lies immediately west of Dougou.