Kendrick Resources (LON:KEN) Shares Down 15.6% – Here’s What Happened

Kendrick Resources PLC (LON:KEN)’s share price dropped 15.6% during mid-day trading on Wednesday. The company traded as low as GBX 5.57 and last traded at GBX 5.74. Approximately 5,660,646 shares were traded during mid-day trading, an increase of 23% from the average session volume of 4,602,130 shares. The stock had previously closed at GBX 6.80.

Kendrick Resources Price Performance

The stock has a market cap of £24.21 million, a PE ratio of -6.31 and a beta of 1.48. The business’s 50-day simple moving average is GBX 6.90 and its 200-day simple moving average is GBX 5.81. The company has a quick ratio of 16.01, a current ratio of 0.04 and a debt-to-equity ratio of -19.78.

Kendrick Resources (LON:KEN) last posted its earnings results on Wednesday, September 30th. The company reported GBX (0.01) earnings per share for the quarter. Kendrick Resources had a positive return on equity of 9,279.39% 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.