Cadence Minerals (LON:KDNC – Get Free Report) released its earnings results on Tuesday. The company reported GBX (0.35) earnings per share for the quarter, Digital Look Earnings reports. Cadence Minerals had a net margin of 875.38% and a negative return on equity of 9.74%.
Cadence Minerals Trading Up 2.9%
LON KDNC opened at GBX 4.89 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 78.09 and a current ratio of 9.29. The firm has a market cap of £20.21 million, a price-to-earnings ratio of -9.29 and a beta of 1.82. The firm has a 50 day simple moving average of GBX 5.28 and a 200-day simple moving average of GBX 5.58. Cadence Minerals has a one year low of GBX 3 and a one year high of GBX 8.30.
Insiders Place Their Bets
In other Cadence Minerals news, insider Kiran Morzaria bought 733,867 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were purchased at an average cost of GBX 4 per share, with a total value of £29,354.68. 7.28% of the stock is currently owned by insiders.
Cadence Minerals Company Profile
Cadence Minerals Plc identifies, invests in, and develops rare earth assets. It also explores for iron ore, lithium, and other mining related opportunities. The company holds interests in the Sonora Lithium project located in Northern Mexico; and Yangibana project situated in Gascoyne, Western Australia; and the Amapa Iron Ore project located in Brazil. In addition, it holds interest in Evergreen Lithium project situated in Western Australia; and European Metals Holdings project located in Cinovec.
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