Kendrick Resources (LON:KEN) Stock Price Down 1.8% – Here’s Why

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

Kendrick Resources Stock 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 50 day moving average price of GBX 6.07 and a 200 day moving average price of GBX 3.04. The stock has a market cap of £24.34 million, a PE ratio of -7.16 and a beta of 1.46.

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

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.