Karnalyte Resources Inc. (TSE:KRN – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.24 and traded as high as C$0.35. Karnalyte Resources shares last traded at C$0.35, with a volume of 3,002 shares trading hands.
Karnalyte Resources Stock Down 4.2%
The business’s 50 day moving average is C$0.33 and its 200-day moving average is C$0.24. The stock has a market cap of C$18.38 million, a price-to-earnings ratio of -17.25 and a beta of -1.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 6.40 and a current ratio of 2.86.
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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