Karnalyte Resources Inc. (TSE:KRN – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.40 and last traded at C$0.39, with a volume of 213130 shares traded. The stock had previously closed at C$0.32.
Karnalyte Resources Stock Performance
The firm has a 50 day moving average of C$0.22 and a 200-day moving average of C$0.17. The company has a market cap of C$20.25 million, a P/E ratio of -19.00 and a beta of -0.83. The company has a quick ratio of 6.40, a current ratio of 2.86 and a debt-to-equity ratio of 0.18.
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. It is also exploring the development of the Proteos Nitrogen Project, which is a proposed small-scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.
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