Kendrick Resources (LON:KEN) Trading Down 12.3% – Here’s Why

Kendrick Resources PLC (LON:KEN) shares traded down 12.3% during trading on Wednesday . The stock traded as low as GBX 5.18 and last traded at GBX 5.26. Approximately 4,183,712 shares traded hands during trading, a decline of 29% from the average daily volume of 5,915,469 shares. The stock had previously closed at GBX 6.

Kendrick Resources Stock Up 9.1%

The company has a current ratio of 0.04, a quick ratio of 16.01 and a debt-to-equity ratio of -21.25. The business’s 50-day simple moving average is GBX 6.70 and its 200 day simple moving average is GBX 3.45. The firm has a market cap of £25.31 million, a PE ratio of -6.59 and a beta of 1.50.

Kendrick Resources (LON:KEN) last issued its quarterly earnings data on Wednesday, April 29th. The company reported GBX (0.91) EPS 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.