Karnalyte Resources Inc. (TSE:KRN – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.29 and traded as high as C$0.29. Karnalyte Resources shares last traded at C$0.27, with a volume of 9,290 shares changing hands.
Karnalyte Resources Price Performance
The company’s 50 day moving average price is C$0.30 and its 200 day moving average price is C$0.29. 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$14.65 million, a price-to-earnings ratio of -13.75 and a beta of -1.65.
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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