Kendrick Resources (LON:KEN) Stock Price Down 18.4% – Here’s Why

Kendrick Resources PLC (LON:KEN)’s stock price was down 18.4% during mid-day trading on Friday. The company traded as low as GBX 3.92 and last traded at GBX 4. 4,079,656 shares traded hands during trading, a decline of 6% from the average daily volume of 4,355,422 shares. The stock had previously closed at GBX 4.90.

Kendrick Resources Stock Performance

The stock has a market cap of £16.87 million, a P/E ratio of -4.62 and a beta of 1.56. The company has a current ratio of 1.04, a quick ratio of 16.01 and a debt-to-equity ratio of 72.46. The stock has a 50 day simple moving average of GBX 6.66 and a 200 day simple moving average of GBX 6.12.

Kendrick Resources (LON:KEN) last released its earnings results on Wednesday, September 30th. The company reported GBX (0.01) earnings per share (EPS) for the quarter. Kendrick Resources had a positive return on equity of 3,889.95% and a negative net margin of 227,572.12%.

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.