Shore Capital Trades 2.5 Million Shares of Kore Potash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Trading Overview: On January 16, 2026, Shore Capital Stockbrokers Ltd executed trades involving Kore Potash Plc, purchasing 2.5 million ordinary shares at a price of 3.1 pence per share, indicating ongoing market interest in the company.
- Sales Activity: On the same day, Shore Capital sold 2,256,258 ordinary shares, with prices ranging from 3.25 pence to 3.1748 pence, reflecting an active trading strategy in the market.
- Compliance Disclosure: This transaction adheres to Rule 8.5 of the Takeover Code, ensuring transparency and compliance, showcasing Shore Capital's responsibilities as a recognized intermediary.
- Market Impact: The significant trading volume of Kore Potash's shares may enhance market liquidity and investor confidence, further advancing the company's strategic positioning in resource development.
Analyst Views on KORE
Wall Street analysts forecast KORE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KORE is 5.00 USD with a low forecast of 5.00 USD and a high forecast of 5.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 4.910
Low
5.00
Averages
5.00
High
5.00
Current: 4.910
Low
5.00
Averages
5.00
High
5.00
About KORE
KORE Group Holdings, Inc. is a global pure-play Internet of Things (IoT) hyperscaler and provider of IoT connectivity, solutions, and analytics. The Company is a global independent IoT enabler, delivering critical services globally to customers to deploy, manage, and scale their IoT application and use cases. It provides advanced connectivity services, location-based services, device solutions, and managed and professional services used in the development and support of IoT solutions and applications. It provides connectivity and IoT solutions to enterprise customers across five industry verticals, comprising of connected health, fleet management, asset monitoring, retail communications services and industrial IoT. The Company has built a platform to serve its clients in three areas: connectivity-as-a-service (CaaS), IoT managed services/solutions, and analytics, which the Company refers to as CSA, or connectivity, solutions, and analytics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
