Karnalyte Resources Inc. (TSE:KRN – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.14 and traded as high as C$0.27. Karnalyte Resources shares last traded at C$0.25, with a volume of 14,133 shares trading hands.
Karnalyte Resources Stock Up 2.0%
The stock has a market capitalization of C$13.32 million, a PE ratio of -12.50 and a beta of -0.71. The firm’s fifty day moving average is C$0.19 and its 200-day moving average is C$0.14. The company has a quick ratio of 6.40, a current ratio of 2.86 and a debt-to-equity ratio of 0.18.
Karnalyte Resources Company Profile
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. It is also exploring the development of the Proteos Nitrogen Project, which is a proposed small-scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.
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