Karnalyte Resources (TSE:KRN) Releases Earnings Results

Karnalyte Resources (TSE:KRN) announced its earnings results on Friday. The company reported C$0.01 earnings per share for the quarter, FiscalAI reports.

Karnalyte Resources Stock Performance

Shares of KRN opened at C$0.30 on Friday. 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’s fifty day simple moving average is C$0.29 and its two-hundred day simple moving average is C$0.29. Karnalyte Resources has a 12 month low of C$0.09 and a 12 month high of C$0.52. The stock has a market capitalization of C$15.99 million, a P/E ratio of -15.00 and a beta of -1.65.

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.