Karnalyte Resources (TSE:KRN) Reaches New 1-Year High – Time to Buy?

Karnalyte Resources Inc. (TSE:KRNGet Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$0.30 and last traded at C$0.26, with a volume of 106024 shares traded. The stock had previously closed at C$0.22.

Karnalyte Resources Stock Performance

The firm’s 50 day moving average is C$0.13 and its 200-day moving average is C$0.13. The stock has a market capitalization of C$13.85 million, a price-to-earnings ratio of -13.00 and a beta of -0.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 6.40 and a current ratio of 2.86.

Karnalyte Resources Company Profile

(Get Free Report)

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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