Shares of Karnalyte Resources Inc. (TSE:KRN – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.15 and traded as high as C$0.19. Karnalyte Resources shares last traded at C$0.19, with a volume of 3,000 shares trading hands.
Karnalyte Resources Stock Performance
The firm’s fifty day simple moving average is C$0.22 and its 200 day simple moving average is C$0.15. The company has a market capitalization of C$10.12 million, a PE ratio of -9.50 and a beta of -0.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.86 and a quick ratio of 6.40.
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. 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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