Cadence Minerals (LON:KDNC) Posts Quarterly Earnings Results

Cadence Minerals (LON:KDNC – Get Free Report) issued its quarterly earnings data on Monday. The company reported GBX (0.53) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of GBX (26) million during the quarter. Cadence Minerals had a net margin of 134.07% and a negative return on equity of 9.71%.

Cadence Minerals Trading Down 3.8%

Shares of Cadence Minerals stock traded down GBX 0.25 on Monday, hitting GBX 6.35. 323,627 shares of the company’s stock traded hands, compared to its average volume of 1,521,483. The company has a fifty day moving average of GBX 6.54 and a two-hundred day moving average of GBX 4.91. Cadence Minerals has a one year low of GBX 1.40 and a one year high of GBX 8.30. The company has a market capitalization of £25.98 million, a price-to-earnings ratio of -11.56 and a beta of 1.78. The company has a debt-to-equity ratio of 3.52, a current ratio of 3.30 and a quick ratio of 78.09.

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About Cadence Minerals

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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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