Kendrick Resources (LON:KEN) Shares Down 12.3% – Time to Sell?

Kendrick Resources PLC (LON:KEN) shares dropped 12.3% during trading on Wednesday . The company traded as low as GBX 5.18 and last traded at GBX 5.26. 4,183,712 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 5,915,469 shares. The stock had previously closed at GBX 6.

Kendrick Resources Stock Down 12.3%

The firm has a fifty day simple moving average of GBX 6.60 and a 200-day simple moving average of GBX 3.38. The company has a market capitalization of £22.20 million, a PE ratio of -5.78 and a beta of 1.50. The company has a debt-to-equity ratio of -21.25, a quick ratio of 16.01 and a current ratio of 0.04.

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

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.