Karnalyte Resources Inc. (TSE:KRN – Get Free Report) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$0.27 and traded as high as C$0.29. Karnalyte Resources shares last traded at C$0.28, with a volume of 16,020 shares trading hands.
Karnalyte Resources Price Performance
The company has a current ratio of 2.86, a quick ratio of 6.40 and a debt-to-equity ratio of 0.18. The stock has a market cap of C$14.65 million, a PE ratio of -13.75 and a beta of -1.35. The company has a fifty day moving average of C$0.27 and a 200-day moving average of C$0.29.
Karnalyte Resources (TSE:KRN – Get Free Report) last posted its earnings results on Friday, November 6th. The company reported C($0.01) earnings per share (EPS) for the quarter.
About Karnalyte Resources
Karnalyte Resources Inc. is a development stage potash company. Karnalyte owns the Wynyard Project, with planned Phase 1 production of 675,000 t/a of high grade granular potash, and two subsequent phases of 750,000 t/a each, taking total production up to 2.175 million t/a. All environmental permits remain valid, preliminary detailed engineering is complete, and the existing Offtake Agreement with GSFC remains in effect. Karnalyte is also considering opportunities relating to secondary magnesium compounds.
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