Karnalyte Resources Inc. (TSE:KRN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.16 and traded as high as C$0.25. Karnalyte Resources shares last traded at C$0.22, with a volume of 15,580 shares traded.
Karnalyte Resources Stock Performance
The company has a debt-to-equity ratio of 0.18, a current ratio of 2.86 and a quick ratio of 6.40. The stock has a 50 day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.16. The company has a market cap of C$11.46 million, a PE ratio of -10.75 and a beta of -1.43.
About Karnalyte Resources
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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