Karnalyte Resources (TSE:KRN) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Karnalyte Resources Inc. (TSE:KRNGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.13 and traded as high as C$0.22. Karnalyte Resources shares last traded at C$0.17, with a volume of 102,900 shares traded.

Karnalyte Resources Trading Down 15.0 %

The business has a fifty day moving average of C$0.17 and a two-hundred day moving average of C$0.13. The firm has a market cap of C$9.06 million, a price-to-earnings ratio of -5.67 and a beta of 1.58. 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

(Get Free Report)

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.

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