Keras Resources (LON:KRS) Announces Earnings Results

Keras Resources (LON:KRS) released its quarterly earnings results on Wednesday. The company reported GBX 2 earnings per share 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 Price Performance

Shares of LON KRS opened at GBX 1.81 on Wednesday. Keras Resources has a fifty-two week low of GBX 1 and a fifty-two week high of GBX 2.10. The stock has a market capitalization of £2.85 million, a price-to-earnings ratio of -0.02 and a beta of 0.14. The company has a debt-to-equity ratio of 503.54, a current ratio of 1.62 and a quick ratio of 0.15. 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).