Keras Resources (LON:KRS) Issues Earnings Results

Keras Resources (LON:KRS) released its quarterly earnings results on Wednesday. The company reported GBX 2 EPS for the quarter, Digital Look Earnings reports. Keras Resources had a negative return on equity of 282.35% and a negative net margin of 227.46%.

Keras Resources Stock Down 9.2%

Shares of KRS traded down GBX 0.17 during mid-day trading on Thursday, hitting GBX 1.73. 29,687 shares of the company traded hands, compared to its average volume of 186,688. Keras Resources has a 1-year low of GBX 1 and a 1-year high of GBX 2.10. The company has a quick ratio of 0.15, a current ratio of 1.62 and a debt-to-equity ratio of 503.54. The company has a market capitalization of £2.71 million, a PE ratio of -0.02 and a beta of 0.14. The business has a 50 day moving average of GBX 1.74 and a 200 day moving average of GBX 1.50.

Keras Resources Company Profile

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic phosphate mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate deposits in the US and is a fully integrated mine to market operation with in-house processing facilities. The operation produces a variety of organic phosphate products that can be tailored to customer requirements for fertiliser.

The Company is focused on continuing to build market share in the fast-growing US organic fertiliser market and build Diamond Creek into the premier organic phosphate producer in the US.

Additionally, Keras holds an 85% interest in the Nayéga manganese project in Togo, which hosts an 8.4 million tonne manganese oxide Ore Reserve in northern Togo, held through Togolese subsidiary Société Générale des Mines SA (SGM).