Kendrick Resources (LON:KEN) Shares Down 7.4% – Time to Sell?

Shares of Kendrick Resources PLC (LON:KEN) dropped 7.4% during mid-day trading on Friday . The company traded as low as GBX 6.82 and last traded at GBX 6.95. Approximately 1,170,819 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 4,973,839 shares. The stock had previously closed at GBX 7.50.

Kendrick Resources Stock Down 7.4%

The company has a market cap of £29.31 million, a PE ratio of -7.64 and a beta of 1.47. The firm has a 50-day simple moving average of GBX 6.45 and a two-hundred day simple moving average of GBX 4.93. The company has a debt-to-equity ratio of -19.78, a current ratio of 0.04 and a quick ratio of 16.01.

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.