Kendrick Resources (LON:KEN) Shares Down 7.7% – Here’s Why

Kendrick Resources PLC (LON:KEN) shares were down 7.7% on Thursday . The company traded as low as GBX 0.24 and last traded at GBX 0.24. Approximately 1,179 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 1,072,005 shares. The stock had previously closed at GBX 0.26.

Kendrick Resources Stock Performance

The firm has a fifty day simple moving average of GBX 0.28 and a 200-day simple moving average of GBX 0.28. The company has a market cap of £762,444.80, a PE ratio of -0.19 and a beta of -1.19. The company has a quick ratio of 16.01, a current ratio of 0.30 and a debt-to-equity ratio of 2.33.

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

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.