Keras Resources (LON:KRS) Issues Quarterly Earnings Results

Keras Resources (LON:KRS) announced its earnings results on Wednesday. The company reported GBX 2 earnings per share for the quarter, Digital Look Earnings reports. Keras Resources had a negative net margin of 227.46% and a negative return on equity of 282.35%.

Keras Resources Trading Down 7.9%

Keras Resources stock traded down GBX 0.15 during midday trading on Wednesday, reaching GBX 1.75. The stock had a trading volume of 172,361 shares, compared to its average volume of 187,860. The stock’s 50-day simple moving average is GBX 1.74 and its 200 day simple moving average is GBX 1.50. Keras Resources has a twelve month low of GBX 1 and a twelve month high of GBX 2.10. The company has a debt-to-equity ratio of 503.54, a quick ratio of 0.15 and a current ratio of 1.62. The stock has a market capitalization of £2.75 million, a PE ratio of -0.02 and a beta of 0.14.

About Keras Resources

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic phosphate mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate deposits in the US and is a fully integrated mine to market operation with in-house processing facilities. The operation produces a variety of organic phosphate products that can be tailored to customer requirements for fertiliser.

The Company is focused on continuing to build market share in the fast-growing US organic fertiliser market and build Diamond Creek into the premier organic phosphate producer in the US.

Additionally, Keras holds an 85% interest in the Nayéga manganese project in Togo, which hosts an 8.4 million tonne manganese oxide Ore Reserve in northern Togo, held through Togolese subsidiary Société Générale des Mines SA (SGM).