Shares of Karnalyte Resources Inc. (TSE:KRN – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.14 and traded as high as C$0.17. Karnalyte Resources shares last traded at C$0.17, with a volume of 4,502 shares.
Karnalyte Resources Trading Up 30.8%
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 firm has a market cap of C$9.06 million, a PE ratio of -5.67 and a beta of 1.58. The stock’s 50 day simple moving average is C$0.16 and its 200 day simple moving average is C$0.14.
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.
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