Karnalyte Resources Inc. (TSE:KRN – Get Free Report) shares passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$0.27 and traded as high as C$0.30. Karnalyte Resources shares last traded at C$0.29, with a volume of 30,000 shares.
Karnalyte Resources Trading Up 13.7%
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$15.45 million, a price-to-earnings ratio of -14.50 and a beta of -1.35. The company has a fifty day simple moving average of C$0.27 and a 200-day simple moving average of C$0.29.
Karnalyte Resources (TSE:KRN – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported C$0.01 EPS for the quarter.
Karnalyte Resources Company Profile
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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