Kendrick Resources (LON:KEN) Trading Down 1.8% – Here’s What Happened

Kendrick Resources PLC (LON:KEN) traded down 1.8% during trading on Wednesday . The company traded as low as GBX 6.57 and last traded at GBX 7. Approximately 2,574,841 shares traded hands during trading, a decline of 59% from the average session volume of 6,210,543 shares. The stock had previously closed at GBX 7.12.

Kendrick Resources Price Performance

The stock has a fifty day moving average of GBX 6 and a two-hundred day moving average of GBX 2.99. The stock has a market capitalization of £26.14 million, a price-to-earnings ratio of -7.69 and a beta of 1.46. The company has a current ratio of 0.04, a quick ratio of 16.01 and a debt-to-equity ratio of -21.25.

Kendrick Resources (LON:KEN) last issued 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%.

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.