Keras Resources (LON:KRS) Releases Quarterly Earnings Results

Keras Resources (LON:KRS) posted its quarterly earnings data on Wednesday. The company reported GBX 2 EPS 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 Stock Down 7.9%

LON KRS traded down GBX 0.15 on Wednesday, hitting GBX 1.75. The stock had a trading volume of 172,361 shares, compared to its average volume of 187,860. The business’s fifty day moving average price is GBX 1.74 and its 200 day moving average price is GBX 1.50. The company has a debt-to-equity ratio of 503.54, a current ratio of 1.62 and a quick ratio of 0.15. Keras Resources has a 52-week low of GBX 1 and a 52-week high of GBX 2.10. The stock has a market cap of £2.75 million, a price-to-earnings ratio of -0.02 and a beta of 0.14.

Keras Resources Company Profile

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).