Insider Buying: Keras Resources Plc (LON:KRS) Insider Buys 4,285,714 Shares of Stock

Keras Resources Plc (LON:KRS) insider Russell Lamming purchased 4,285,714 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of GBX 1 ($0.01) per share, with a total value of £42,857.14 ($57,985.58).

Keras Resources Trading Down 3.7%

KRS opened at GBX 1.30 ($0.02) on Friday. The company has a quick ratio of 0.15, a current ratio of 1.37 and a debt-to-equity ratio of 48.82. The stock’s fifty day moving average is GBX 1.36 and its two-hundred day moving average is GBX 1.47. The company has a market capitalization of £1.24 million, a P/E ratio of -1.60 and a beta of 1.02. Keras Resources Plc has a 52 week low of GBX 1.10 ($0.01) and a 52 week high of GBX 4 ($0.05).

Keras Resources (LON:KRS) last announced its quarterly earnings results on Monday, June 30th. The company reported GBX 0.88 ($0.01) EPS for the quarter. Keras Resources had a negative return on equity of 20.87% and a negative net margin of 61.02%.

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).