Karnalyte Resources Inc. (TSE:KRN – Get Free Report)’s stock price dropped 20% on Monday . The company traded as low as C$0.07 and last traded at C$0.10. Approximately 103,158 shares were traded during trading, an increase of 976% from the average daily volume of 9,589 shares. The stock had previously closed at C$0.13.
Karnalyte Resources Price Performance
The firm has a market cap of C$6.39 million, a PE ratio of -4.00 and a beta of 1.58. The stock’s fifty day moving average price is C$0.13 and its 200-day moving average price 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.
Karnalyte Resources Company Profile
Karnalyte Resources Inc explores for and develops potash and magnesium products in Canada. The company owns 100% interests in Subsurface Mineral Leases KLSA 010, KL 247A, and KL 246 totaling 367 km2 of mineral rights. It also holds interests in the Wynyard potash project located in Wynyard, Saskatchewan.
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