Shares of Karnalyte Resources Inc. (TSE:KRN – Get Free Report) dropped 20% during trading on Monday . The company traded as low as C$0.07 and last traded at C$0.10. Approximately 103,158 shares traded hands during trading, an increase of 976% from the average daily volume of 9,589 shares. The stock had previously closed at C$0.13.
Karnalyte Resources Trading Down 4.0 %
The firm has a market capitalization of C$6.39 million, a price-to-earnings ratio of -4.00 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. The business has a fifty day moving average price of C$0.13 and a 200 day moving average price of C$0.13.
About Karnalyte Resources
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.
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