Karnalyte Resources (TSE:KRN – Get Free Report) posted its quarterly earnings data on Friday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports.
Karnalyte Resources Stock Down 7.1%
Karnalyte Resources stock opened at C$0.26 on Friday. The company has a market cap of C$13.85 million, a P/E ratio of -13.00 and a beta of -1.35. Karnalyte Resources has a 1-year low of C$0.11 and a 1-year high of C$0.52. The company has a fifty day simple moving average of C$0.27 and a 200 day simple moving average of C$0.29. The company has a current ratio of 2.86, a quick ratio of 6.40 and a debt-to-equity ratio of 0.18.
Karnalyte Resources Company Profile
Karnalyte Resources Inc is a development stage potash company. Karnalyte owns the Wynyard Project, with planned Phase 1 production of 675,000 t/a of high grade granular potash, and two subsequent phases of 750,000 t/a each, taking total production up to 2.175 million t/a. All environmental permits remain valid, preliminary detailed engineering is complete, and the existing Offtake Agreement with GSFC remains in effect. Karnalyte is also considering opportunities relating to secondary magnesium compounds.
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