Kendrick Resources (LON:KEN) Trading Down 1.6% – Here’s What Happened

Kendrick Resources PLC (LON:KEN)’s share price was down 1.6% during trading on Wednesday . The stock traded as low as GBX 5.83 and last traded at GBX 6.35. Approximately 948,988 shares changed hands during 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 Price Performance

The business’s 50-day simple moving average is GBX 7.09 and its 200 day simple moving average is GBX 3.87. The company has a market capitalization of £24.47 million, a P/E ratio of -6.37 and a beta of 1.50. The company has a current ratio of 0.04, a quick ratio of 16.01 and a debt-to-equity ratio of -19.78.

Kendrick Resources (LON:KEN) last posted its quarterly earnings data on Wednesday, April 29th. The company reported GBX (0.91) earnings per share (EPS) for the quarter. Kendrick Resources had a negative net margin of 227,572.12% and a positive return on equity of 9,279.39%.

Kendrick Resources Company Profile

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.