Karnalyte Resources (TSE:KRN) Sets New 12-Month High – Here’s Why

Karnalyte Resources Inc. (TSE:KRNGet Free Report)’s share price reached a new 52-week high on Thursday . The company traded as high as C$0.20 and last traded at C$0.19, with a volume of 102982 shares changing hands. The stock had previously closed at C$0.17.

Karnalyte Resources Price Performance

The business has a 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.12. The firm has a market cap of C$10.12 million, a price-to-earnings ratio of -6.33 and a beta of 1.58. 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

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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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