Karnalyte Resources (TSE:KRN) Shares Pass Above 200-Day Moving Average – What’s Next?

Karnalyte Resources Inc. (TSE:KRNGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.13 and traded as high as C$0.17. Karnalyte Resources shares last traded at C$0.17, with a volume of 2,002 shares trading hands.

Karnalyte Resources Stock Up 6.3%

The firm has a market capitalization of C$9.06 million, a price-to-earnings ratio of -8.50 and a beta of -0.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.86 and a quick ratio of 6.40. The business has a fifty day moving average price of C$0.13 and a two-hundred day moving average price of C$0.13.

About Karnalyte Resources

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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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