Karnalyte Resources Inc. (TSE:KRN – Get Free Report) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$0.31 and traded as low as C$0.26. Karnalyte Resources shares last traded at C$0.26, with a volume of 8,175 shares changing hands.
Karnalyte Resources Stock Performance
The company has a current ratio of 2.86, a quick ratio of 6.40 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of C$0.29 and a 200-day moving average price of C$0.31. The company has a market capitalization of C$13.85 million, a price-to-earnings ratio of -13.00 and a beta of -1.06.
Karnalyte Resources (TSE:KRN – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported C$0.01 earnings per share for the quarter.
About Karnalyte Resources
Karnalyte Resources Inc is a development stage potash company. Karnalyte owns the Wynyard Project, with planned Phase 1 production of 675,000 t/a of high grade granular potash, and two subsequent phases of 750,000 t/a each, taking total production up to 2.175 million t/a. All environmental permits remain valid, preliminary detailed engineering is complete, and the existing Offtake Agreement with GSFC remains in effect. Karnalyte is also considering opportunities relating to secondary magnesium compounds.
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