Kendrick Resources (LON:KEN) Shares Down 11.2% – Here’s Why

Kendrick Resources PLC (LON:KEN)’s stock price traded down 11.2% on Wednesday . The company traded as low as GBX 8.25 and last traded at GBX 8.70. 7,700,432 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 6,698,705 shares. The stock had previously closed at GBX 9.80.

Kendrick Resources Stock Up 1.9%

The company has a debt-to-equity ratio of -21.25, a current ratio of 0.04 and a quick ratio of 16.01. The business has a 50 day moving average price of GBX 4.59 and a 200 day moving average price of GBX 2.25. The firm has a market capitalization of £29.01 million, a P/E ratio of -8.54 and a beta of 1.08.

Kendrick Resources (LON:KEN) last posted 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

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.