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Karnalyte Resources (TSE:KRN)‘s stock had its “market perform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research note issued to investors on Tuesday, reports. They currently have a C$1.75 price target on the stock, down from their previous price target of C$2.50. BMO Capital Markets’ target price would suggest a potential upside of 40.00% from the company’s current price.

Karnalyte Resources (TSE:KRN) traded down 0.80% during mid-day trading on Tuesday, hitting $1.24. 21,000 shares of the company’s stock traded hands. Karnalyte Resources has a 52 week low of $1.17 and a 52 week high of $7.46. The stock has a 50-day moving average of $1.30 and a 200-day moving average of $1.43.

Karnalyte Resources Inc (TSE:KRN) is an exploration and development stage company.

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