Troubled Times for Ethiopian Potash

Financial Post reported that there are signs Ethiopian Potash (TSXV:FED) is having financial troubles.

As quoted in the market news:

Mackie Research Capital analyst Jaret Anderson noted that Ethiopian’s cash position was down to $588,888 as of March 23, compared to $1.69-million at the end of December. The company burned about $2.4-million of cash in its latest fiscal quarter, according to the financial statements.

Click here to read the full Financial Post report.