Karnalyte Resources (TSE:KRN) Posts Earnings Results

Karnalyte Resources (TSE:KRN) issued its quarterly earnings results on Friday. The company reported C$0.01 earnings per share (EPS) for the quarter, FiscalAI reports.

Karnalyte Resources Price Performance

TSE KRN traded up C$0.03 during midday trading on Friday, hitting C$0.30. The company had a trading volume of 2,018 shares, compared to its average volume of 39,851. The company has a market capitalization of C$15.99 million, a PE ratio of -15.00 and a beta of -1.65. 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$0.29. Karnalyte Resources has a twelve month low of C$0.09 and a twelve month high of C$0.52.

Karnalyte Resources Company Profile

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.