Keras Resources (LON:KRS) Issues Quarterly Earnings Results

Keras Resources (LON:KRS) announced its quarterly earnings results on Monday. The company reported GBX (0.56) EPS for the quarter, Digital Look Earnings reports. Keras Resources had a negative net margin of 61.02% and a negative return on equity of 20.87%.

Keras Resources Stock Performance

Shares of KRS opened at GBX 1.48 on Tuesday. The company has a market cap of £2.31 million, a PE ratio of -1.66 and a beta of 1.02. The company has a debt-to-equity ratio of 48.82, a current ratio of 1.37 and a quick ratio of 0.15. Keras Resources has a one year low of GBX 1.10 and a one year high of GBX 2.90. The stock has a 50-day moving average of GBX 1.42 and a 200-day moving average of GBX 1.38.

Insider Activity at Keras Resources

In related news, insider Russell Lamming purchased 4,285,714 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were bought at an average price of GBX 1 per share, with a total value of £42,857.14. 22.89% of the stock is currently owned by corporate insiders.

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).