Danakali (LON:DNK) Shares Up 4,551.2% – Time to Buy?

Shares of Danakali Limited (LON:DNK) traded up 4,551.2% during trading on Tuesday . The company traded as high as GBX 20.50 ($0.26) and last traded at GBX 20 ($0.26). 1,704 shares traded hands during 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 Performance

The company’s 50-day moving average price is GBX 20 and its 200 day moving average price is GBX 20. The stock has a market cap of £73.67 million and a PE ratio of -18.18.

Danakali Company Profile

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.