Karnalyte Resources (TSE:KRN) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Karnalyte Resources Inc. (TSE:KRN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.14 and traded as high as C$0.15. Karnalyte Resources shares last traded at C$0.15, with a volume of 10,250 shares trading hands.

Karnalyte Resources Stock Down 3.3 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.86 and a quick ratio of 6.40. The business has a 50 day simple moving average of C$0.13 and a 200 day simple moving average of C$0.14. The stock has a market cap of C$7.73 million, a PE ratio of -4.83 and a beta of 1.58.

Karnalyte Resources (TSE:KRN) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C($0.01) EPS for the quarter.

Karnalyte Resources Company Profile

Karnalyte Resources Inc explores for and develops potash and magnesium products in Canada. The company owns 100% interests in Subsurface Mineral Leases KLSA 010, KL 247A, and KL 246 totaling 367 km2 of mineral rights. It also holds interests in the Wynyard potash project located in Wynyard, Saskatchewan.