Kendrick Resources (LON:KEN) Shares Down 1.6% – Here’s Why

Shares of Kendrick Resources PLC (LON:KENGet Free Report) were down 1.6% during mid-day trading on Wednesday . The company traded as low as GBX 5.83 and last traded at GBX 6.35. Approximately 948,988 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 5,580,369 shares. The stock had previously closed at GBX 6.45.

Kendrick Resources Trading Down 1.6%

The firm has a market capitalization of £26.79 million, a PE ratio of -6.98 and a beta of 1.50. The stock’s 50-day simple moving average is GBX 7.11 and its 200-day simple moving average is GBX 3.78. The company has a debt-to-equity ratio of -19.78, a quick ratio of 16.01 and a current ratio of 0.04.

Kendrick Resources (LON:KENGet Free Report) 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

(Get Free Report)

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.

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