Karnalyte Resources Inc. (TSE:KRN – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.28 and traded as high as C$0.29. Karnalyte Resources shares last traded at C$0.29, with a volume of 47,519 shares traded.
Karnalyte Resources Price Performance
The company’s 50 day moving average price is C$0.34 and its 200-day moving average price is C$0.28. The company has a market cap of C$15.45 million, a price-to-earnings ratio of -14.50 and a beta of -1.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 6.40 and a current ratio of 2.86.
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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