Keras Resources (LON:KRS) Posts Earnings Results

Keras Resources (LON:KRS) posted its earnings results on Wednesday. The company reported GBX 2 EPS for the quarter, Digital Look Earnings reports. Keras Resources had a negative net margin of 227.46% and a negative return on equity of 282.35%.

Keras Resources Stock Down 4.5%

KRS traded down GBX 0.09 during trading hours on Wednesday, reaching GBX 1.81. 100,000 shares of the stock traded hands, compared to its average volume of 187,320. Keras Resources has a fifty-two week low of GBX 1 and a fifty-two week high of GBX 2.10. The company has a market cap 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 firm’s fifty day simple moving average is GBX 1.74 and its two-hundred day simple moving average is GBX 1.50.

About Keras Resources

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).