Shares of Karnalyte Resources Inc. (TSE:KRN – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.14 and traded as high as C$0.17. Karnalyte Resources shares last traded at C$0.17, with a volume of 4,502 shares trading hands.
Karnalyte Resources Price Performance
The company has a quick ratio of 6.40, a current ratio of 2.86 and a debt-to-equity ratio of 0.18. The company has a market capitalization of C$9.06 million, a P/E ratio of -5.67 and a beta of 1.58. The business has a 50 day simple moving average of C$0.16 and a 200-day simple moving average of C$0.14.
About Karnalyte Resources
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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