Karnalyte Resources (TSE:KRN) Shares Down 1.9% – Should You Sell?

Karnalyte Resources Inc. (TSE:KRNGet Free Report)’s share price traded down 1.9% during trading on Thursday . The company traded as low as C$0.18 and last traded at C$0.27. 120,581 shares were traded during trading, an increase of 322% from the average session volume of 28,584 shares. The stock had previously closed at C$0.27.

Karnalyte Resources Stock Up 20.5%

The business’s 50-day simple moving average is C$0.14 and its 200-day simple moving average is C$0.13. The company has a market capitalization of C$14.12 million, a PE ratio of -13.25 and a beta of -0.29. The company has a current ratio of 2.86, a quick ratio of 6.40 and a debt-to-equity ratio of 0.18.

About Karnalyte Resources

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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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