Karnalyte Resources Inc. (TSE:KRN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.13 and traded as high as C$0.28. Karnalyte Resources shares last traded at C$0.26, with a volume of 10,594 shares trading hands.
Karnalyte Resources Trading Down 3.7%
The firm’s 50-day simple moving average is C$0.15 and its 200 day simple moving average is C$0.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.86 and a quick ratio of 6.40. The firm has a market capitalization of C$13.85 million, a price-to-earnings ratio of -13.00 and a beta of -0.29.
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. 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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