Karnalyte Resources Inc. (TSE:KRN – Get Free Report) shot up 8.8% during mid-day trading on Wednesday . The company traded as high as C$0.20 and last traded at C$0.19. Approximately 102,982 shares were traded during trading, an increase of 269% from the average session volume of 27,878 shares. The stock had previously closed at C$0.17.
Karnalyte Resources Stock Performance
The stock’s 50 day moving average is C$0.12 and its 200 day moving average is C$0.12. 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 market cap of C$9.86 million, a price-to-earnings ratio of -6.17 and a beta of 1.58.
Karnalyte Resources Company Profile
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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