Cadence Minerals (LON:KDNC) Posts Earnings Results

Cadence Minerals (LON:KDNC) issued its earnings results on Tuesday. The company reported GBX (0.35) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Cadence Minerals had a negative return on equity of 9.74% and a net margin of 875.38%.

Cadence Minerals Stock Performance

Shares of LON:KDNC traded down GBX 0.33 during trading on Tuesday, hitting GBX 4.77. 6,129,121 shares of the stock traded hands, compared to its average volume of 1,642,982. The company has a quick ratio of 78.09, a current ratio of 9.29 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of GBX 5.29 and a two-hundred day moving average price of GBX 5.58. Cadence Minerals has a 52-week low of GBX 3 and a 52-week high of GBX 8.30. The company has a market cap of £19.72 million, a price-to-earnings ratio of -9.07 and a beta of 1.82.

Insiders Place Their Bets

In other news, insider Kiran Morzaria acquired 733,867 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was acquired at an average price of GBX 4 per share, for a total transaction of £29,354.68. Insiders own 7.28% of the company’s stock.

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.