Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last C$0.75 CAD
Change Today -0.01 / -1.32%
Volume 32.9K
KRN On Other Exchanges
Symbol
Exchange
Toronto
Berlin
OTC US
As of 4:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

karnalyte resources inc (KRN) Snapshot

Open
C$0.75
Previous Close
C$0.76
Day High
C$0.76
Day Low
C$0.75
52 Week High
06/6/14 - C$1.38
52 Week Low
04/13/15 - C$0.68
Market Cap
20.6M
Average Volume 10 Days
39.0K
EPS TTM
C$-0.28
Shares Outstanding
27.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KARNALYTE RESOURCES INC (KRN)

Related News

No related news articles were found.

karnalyte resources inc (KRN) Related Businessweek News

No Related Businessweek News Found

karnalyte resources inc (KRN) Details

Karnalyte Resources Inc. explores and develops agricultural and industrial potash and magnesium products. The company intends to develop and extract a carnallite - sylvite mineral deposit. It owns a 100% interest in the Karnalyte property, which comprises subsurface permit KP 360A and subsurface mineral lease KLSA-010 covering a total of 85,126 acres of land located near Wynyard, Saskatchewan. The company was incorporated in 2007 and is headquartered in Calgary, Canada.

12 Employees
Last Reported Date: 04/13/15
Founded in 2007

karnalyte resources inc (KRN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

karnalyte resources inc (KRN) Key Developments

Karnalyte Resources Inc. Announces Executive Changes

Karnalyte Resources Inc. announced that Mr. Martin Hall has resigned as a director of the Corporation, effective April 20, 2015, for personal reasons. The Corporation also announced that Mr. Thomas Pressello, the Chief Financial Officer of the Corporation, has been appointed to serve as a director of the Corporation to fill the vacancy left by Mr. Hall. Mr. Pressello has been involved in corporate and commercial finance for more than twenty years and is a graduate of the Ivey School of Business, University of Western Ontario. Most recently, Mr. Pressello has worked for his own finance advisory firm, Active Hedge Capital Inc. through which he served as an advisor and CFO for several private and public companies.

Karnalyte Resources Inc. to Close its Project Office in Saskatchewan; Appoints Thomas Pressello as Executive Vice-President & Chief Financial Officer Effective April 14, 2015

Karnalyte Resources Inc. Board of Directors has determined that in the current price environment for potash, it is not possible to finance and profitably construct and operate a potash production facility at the Wynyard Project. The Board of Directors has therefore determined to suspend all activity in relation to the Wynyard Project, other than the minimum required to maintain title to the Project, secure the site on a care and maintenance basis, and otherwise preserve intact the Wynyard Project. Accordingly, unless there is a significant improvement in the market for potash or the situation otherwise changes, the Corporation will not undertake any further development work at the Wynyard Project. The Corporation intends to review whether there is any possibility of finding a buyer for the Wynyard Project or whether it can be otherwise disposed of on reasonable terms, consistent with the restrictions to which the Corporation and the Wynyard Project are subject in the Corporation’s various agreements with Gujarat State Fertilizers and Chemicals Limited. Given the significant negative change in pricing for potash, the Corporation no longer considers the Wynyard Project to have a mineral reserve. The mineral reserves previously reported by the Corporation Given the significant negative change in pricing for potash, the Corporation no longer considers the Wynyard Project to have a mineral reserve. As a consequence of the decision to suspend activity at the Wynyard Project, the Corporation has determined to close its project office in Saskatchewan. The employment of a number of employees there and in Calgary has also been terminated. The Corporation is actively seeking to further reduce its overhead costs and 'burn rate' and other cost savings initiatives have been undertaken. As a consequence of these actions, the Corporation’s ongoing overhead costs have been significantly reduced. The Corporation has appointed Mr. Thomas Pressello as Executive Vice-President & Chief Financial Officer effective April 14, 2015 in replacement of Mr. Ron Love, who has resigned. Mr. Pressello has been involved in corporate and commercial finance for more than twenty years and is a graduate of the Ivey School of Business, University of Western Ontario. Most recently, Mr. Pressello has worked for his own finance advisory firm, Active Hedge Capital Inc. through which he served as an advisor and CFO for several private and public companies. Management Cease Trade Order On April 1, 2015 a Management Cease Trade Order was issued which restricted all trading in securities of the Corporation, whether direct or indirect, by the Chief Executive Officer and the Chief Financial Officer officers of the Corporation.

Karnalyte Resources Inc., Special/Extraordinary Shareholders Meeting, Feb 13, 2015

Karnalyte Resources Inc., Special/Extraordinary Shareholders Meeting, Feb 13, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
KRN:CN C$0.75 CAD -0.01

KRN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for KRN.
View Industry Companies
 

Industry Analysis

KRN

Industry Average

Valuation KRN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact KARNALYTE RESOURCES INC, please visit www.karnalyte.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.