Keras Resources (LON:KRS) Announces Quarterly Earnings Results

Keras Resources (LON:KRS) issued its earnings results on Monday. The company reported GBX (2.73) earnings per share 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 Stock Down 6.8%

Shares of Keras Resources stock traded down GBX 0.12 during trading on Wednesday, hitting GBX 1.73. 221,950 shares of the stock traded hands, compared to its average volume of 183,768. The company has a current ratio of 1.62, a quick ratio of 0.15 and a debt-to-equity ratio of 503.54. The stock’s fifty day simple moving average is GBX 0.16 and its 200 day simple moving average is GBX 1.03. The firm has a market cap of £2.71 million, a P/E ratio of -0.02 and a beta of 0.14. Keras Resources has a 52-week low of GBX 1 and a 52-week high of GBX 2.05.

About Keras Resources

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).