Shares of Karnalyte Resources Inc. (TSE:KRN – Get Free Report) shot up 43.8% on Wednesday . The stock traded as high as C$0.24 and last traded at C$0.23. 131,310 shares were traded during mid-day trading, an increase of 373% from the average session volume of 27,740 shares. The stock had previously closed at C$0.16.
Karnalyte Resources Trading Up 50.0%
The company has a quick ratio of 6.40, a current ratio of 2.86 and a debt-to-equity ratio of 0.18. The firm has a market cap of C$12.79 million, a P/E ratio of -12.00 and a beta of -0.29. The firm’s 50-day simple moving average is C$0.13 and its 200 day simple moving average is C$0.13.
Karnalyte Resources Company Profile
Karnalyte Resources Inc is a development stage company focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. It owns the construction ready Wynyard Potash Project, with planned phase 1 production of high grade granular potash, and two subsequent phases.
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