Shares of Karnalyte Resources Inc. (TSE:KRN – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.12 and traded as high as C$0.13. Karnalyte Resources shares last traded at C$0.13, with a volume of 38,500 shares traded.
Karnalyte Resources Stock Performance
The stock has a market cap of C$6.93 million, a price-to-earnings ratio of -4.33 and a beta of 1.58. 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 fifty day simple moving average of C$0.11 and a 200-day simple moving average of C$0.12.
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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