Kendrick Resources (LON:KEN) Stock Price Up 4.8% – Time to Buy?

Shares of Kendrick Resources PLC (LON:KEN) shot up 4.8% during trading on Monday. The company traded as high as GBX 4.75 and last traded at GBX 4.67. Approximately 5,855,081 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 4,345,741 shares. The stock had previously closed at GBX 4.46.

Kendrick Resources Stock Performance

The stock has a fifty day simple moving average of GBX 6.31 and a 200-day simple moving average of GBX 4.82. The stock has a market cap of £19.70 million, a P/E ratio of -5.40 and a beta of 1.56. The company has a quick ratio of 16.01, a current ratio of 1.04 and a debt-to-equity ratio of 72.46.

Kendrick Resources (LON:KEN) last posted its earnings results on Wednesday, September 30th. The company reported GBX (0.01) earnings per share (EPS) for the quarter. Kendrick Resources had a positive return on equity of 3,889.95% 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.