Karnalyte Resources (TSE:KRN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Karnalyte Resources Inc. (TSE:KRNGet Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.12 and traded as high as C$0.12. Karnalyte Resources shares last traded at C$0.12, with a volume of 4,065 shares.

Karnalyte Resources Stock Performance

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 company has a market capitalization of C$6.39 million, a price-to-earnings ratio of -4.00 and a beta of 1.58. The firm has a 50-day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.12.

Karnalyte Resources (TSE:KRNGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C($0.01) EPS for the quarter.

About Karnalyte Resources

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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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