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The latest update is out from Keras Resources ( (GB:KRS) ).
Keras Resources PLC reported a 15% increase in sales of its PhosAgri Organic phosphate product in 2024, reaching 5,297 tons. The company has made significant strides in its North American operations by acquiring a new processing hub in Utah and commissioning an Integrated Granulator Plant. Despite a reported loss of £753,000, Keras has restructured its finances and completed the acquisition of Falcon Isle Holdings, positioning itself as a key player in the organic fertilizer market. The company’s strategic moves, including a joint venture with PhoSul LLC, aim to capitalize on the growing demand for organic fertilizers, enhancing its industry positioning and stakeholder value.
More about Keras Resources
Keras Resources PLC is a company focused on the organic phosphate industry, specifically through its wholly owned Diamond Creek mine in Utah, USA. The company is a fully integrated mine-to-market operation, producing a variety of organic phosphate products tailored to customer needs in the fast-growing US organic fertilizer market. Keras is committed to increasing its market share and establishing Diamond Creek as the premier organic phosphate producer in the US.
Average Trading Volume: 243,962
Technical Sentiment Signal: Sell
Current Market Cap: £1.29M
Learn more about KRS stock on TipRanks’ Stock Analysis page.