Kendrick Resources (LON:KEN) Shares Up 9.1% – Here’s What Happened

Kendrick Resources PLC (LON:KEN) shot up 9.1% on Friday . The stock traded as high as GBX 6.12 and last traded at GBX 6. Approximately 2,500,888 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 5,869,572 shares. The stock had previously closed at GBX 5.50.

Kendrick Resources Trading Up 9.1%

The company has a quick ratio of 16.01, a current ratio of 0.04 and a debt-to-equity ratio of -21.25. The firm has a market capitalization of £25.31 million, a price-to-earnings ratio of -6.59 and a beta of 1.50. The business has a 50-day moving average of GBX 6.70 and a two-hundred day moving average of GBX 3.45.

Kendrick Resources (LON:KEN) last announced its quarterly earnings data on Wednesday, April 29th. The company reported GBX (0.91) earnings per share for the quarter. Kendrick Resources had a positive return on equity of 9,279.39% and a negative net margin of 227,572.12%.

About Kendrick Resources

Kendrick Resources PLC engages in the engages in the exploitation and development of mineral resources. It explores for nickel, cobalt, copper, and vanadium. The company's projects include the Airijoki Vanadium project in Sweden; the Central Sweden projects covering a combined area of 197.2 square kilometers in Sweden; the Koitelainen Vosa Vanadium Project comprising a single granted exploration permit covering 13.72 square kilometers located in Finland; and the Karhujupukka Vanadium and Nickel project that comprises two granted exploration permits covering a combined area of 6.5 square kilometers in Finland.