Cadence Minerals (LON:KDNC) Releases Quarterly Earnings Results

Cadence Minerals (LON:KDNC) issued its quarterly earnings results on Monday. The company reported GBX (0.53) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Cadence Minerals had a net margin of 875.38% and a negative return on equity of 9.74%.

Cadence Minerals Stock Performance

Cadence Minerals stock traded down GBX 0.40 during mid-day trading on Friday, reaching GBX 5.10. 3,125,993 shares of the stock traded hands, compared to its average volume of 1,622,432. Cadence Minerals has a 12-month low of GBX 1.49 and a 12-month high of GBX 8.30. The stock has a market capitalization of £20.87 million, a PE ratio of -9.29 and a beta of 1.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 9.29 and a quick ratio of 78.09. The business’s 50-day moving average is GBX 6.57 and its 200-day moving average is GBX 4.97.

Cadence Minerals Company Profile

Cadence Minerals Plc identifies, invests in, and develops rare earth assets. It also explores for iron ore, lithium, and other mining related opportunities. The company holds interests in the Sonora Lithium project located in Northern Mexico; and Yangibana project situated in Gascoyne, Western Australia; and the Amapa Iron Ore project located in Brazil. In addition, it holds interest in Evergreen Lithium project situated in Western Australia; and European Metals Holdings project located in Cinovec.