Karnalyte Resources (TSE:KRN) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Karnalyte Resources Inc. (TSE:KRNGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.12 and traded as high as C$0.17. Karnalyte Resources shares last traded at C$0.17, with a volume of 3,014 shares.

Karnalyte Resources Stock Up 3.1 %

The company has a market cap of C$8.79 million, a PE ratio of -5.50 and a beta of 1.58. The business has a 50-day simple moving average of C$0.11 and a 200-day simple moving average of C$0.12. The company has a quick ratio of 6.40, a current ratio of 2.86 and a debt-to-equity ratio of 0.18.

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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