Karnalyte Resources (TSE:KRN) Trading Down 2.6% – What’s Next?

Karnalyte Resources Inc. (TSE:KRNGet Free Report)’s stock price traded down 2.6% during mid-day trading on Monday . The stock traded as low as C$0.16 and last traded at C$0.19. 125,975 shares were traded during mid-day trading, an increase of 369% from the average session volume of 26,861 shares. The stock had previously closed at C$0.19.

Karnalyte Resources Price Performance

The business has a fifty day moving average of C$0.12 and a 200 day moving average of C$0.13. The firm has a market cap of C$8.79 million, a P/E ratio of -8.25 and a beta of -0.65. The company has a quick ratio of 6.40, a current ratio of 2.86 and a debt-to-equity ratio of 0.18.

Karnalyte Resources Company Profile

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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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