Keras Resources (LON:KRS) Releases Quarterly Earnings Results

Keras Resources (LON:KRS) issued 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 8.1%

LON:KRS traded down GBX 0.15 during mid-day trading on Wednesday, reaching GBX 1.70. 20,033 shares of the company’s stock traded hands, compared to its average volume of 182,140. The company has a 50 day moving average price of GBX 0.16 and a 200-day moving average price of GBX 1.03. The firm has a market capitalization of £2.67 million, a price-to-earnings ratio of -0.02 and a beta of 0.14. The company has a debt-to-equity ratio of 503.54, a current ratio of 1.62 and a quick ratio of 0.15. Keras Resources has a 12-month low of GBX 1 and a 12-month 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).