Karnalyte Resources Inc. (TSE:KRN – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.15 and traded as high as C$0.19. Karnalyte Resources shares last traded at C$0.17, with a volume of 4,150 shares.
Karnalyte Resources Stock Performance
The company has a debt-to-equity ratio of 0.18, a quick ratio of 6.40 and a current ratio of 2.86. The company has a market cap of C$9.06 million, a price-to-earnings ratio of -8.50 and a beta of -0.71. The company’s fifty day moving average is C$0.21 and its two-hundred day moving average is C$0.15.
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. It is also exploring the development of the Proteos Nitrogen Project, which is a proposed small-scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.
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