Keras Resources (LON:KRS) Announces Quarterly Earnings Results

Keras Resources (LON:KRS) announced its quarterly earnings data on Monday. The company reported GBX (2.73) EPS for the quarter, Digital Look Earnings reports. Keras Resources had a negative net margin of 207.91% and a negative return on equity of 157.17%.

Keras Resources Trading Down 6.8%

KRS stock traded down GBX 0.12 during midday trading on Wednesday, reaching GBX 1.73. The stock had a trading volume of 221,950 shares, compared to its average volume of 183,768. The firm has a market cap of £2.71 million, a price-to-earnings ratio of -0.02 and a beta of 0.14. Keras Resources has a twelve month low of GBX 1 and a twelve month high of GBX 2.05. The company has a quick ratio of 0.15, a current ratio of 1.62 and a debt-to-equity ratio of 503.54. The business has a fifty day simple moving average of GBX 0.16 and a two-hundred day simple moving average of GBX 1.03.

Keras Resources Company Profile

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).