Kendrick Resources (LON:KEN) Stock Price Down 10.7% – Should You Sell?

Kendrick Resources PLC (LON:KEN) shares were down 10.7% during mid-day trading on Thursday . The stock traded as low as GBX 0.25 and last traded at GBX 0.25. Approximately 3,796,597 shares changed hands during mid-day trading, an increase of 250% from the average daily volume of 1,084,336 shares. The stock had previously closed at GBX 0.28.

Kendrick Resources Trading Down 10.7%

The company has a quick ratio of 16.01, a current ratio of 0.30 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of £733,120.00, a PE ratio of -0.19 and a beta of -1.19. The company’s 50-day simple moving average is GBX 0.31 and its 200 day simple moving average is GBX 0.27.

Kendrick Resources (LON:KEN) last issued its quarterly earnings results on Monday, September 29th. The company reported GBX (0.05) earnings per share (EPS) for the quarter.

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.