Keras Resources (LON:KRS) Issues Quarterly Earnings Results

Keras Resources (LON:KRS) announced its quarterly earnings data on Monday. The company reported GBX (2.73) earnings per share for the quarter, Digital Look Earnings reports. Keras Resources had a negative return on equity of 157.17% and a negative net margin of 207.91%.

Keras Resources Stock Performance

LON:KRS traded down GBX 0.04 on Friday, reaching GBX 1.76. 131,321 shares of the company’s stock were exchanged, compared to its average volume of 188,064. The firm has a market cap of £2.76 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. The stock has a fifty day simple moving average of GBX 1.69 and a 200-day simple moving average of GBX 1.48. Keras Resources has a 52 week low of GBX 1 and a 52 week 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).