Kendrick Resources (LON:KEN) Shares Up 9.1% – Still a Buy?

Kendrick Resources PLC (LON:KEN) traded up 9.1% on Friday . The company traded as high as GBX 6.12 and last traded at GBX 6. 2,500,888 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 5,869,572 shares. The stock had previously closed at GBX 5.50.

Kendrick Resources Price Performance

The company has a quick ratio of 16.01, a current ratio of 0.04 and a debt-to-equity ratio of -21.25. The firm has a market capitalization of £25.31 million, a price-to-earnings ratio of -6.59 and a beta of 1.50. The company has a fifty day moving average price of GBX 6.77 and a two-hundred day moving average price of GBX 3.47.

Kendrick Resources (LON:KEN) last announced its earnings results on Wednesday, April 29th. The company reported GBX (0.91) 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%.

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.