Kendrick Resources (LON:KEN) Shares Down 11% – What’s Next?

Kendrick Resources PLC (LON:KEN) shares were down 11% during trading on Thursday . The company traded as low as GBX 0.33 ($0.00) and last traded at GBX 0.33 ($0.00). Approximately 4,410,898 shares changed hands during mid-day trading, an increase of 278% from the average daily volume of 1,166,460 shares. The stock had previously closed at GBX 0.37 ($0.00).

Kendrick Resources Stock Down 11.0%

The company has a quick ratio of 16.01, a current ratio of 0.30 and a debt-to-equity ratio of 2.33. The stock has a market cap of £953,056.00, a PE ratio of -23.21 and a beta of -1.19. The business has a 50 day moving average price of GBX 0.29 and a 200 day moving average price of GBX 0.24.

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.