Kendrick Resources PLC (LON:KEN – Get Free Report)’s share price shot up 40% on Wednesday . The company traded as high as GBX 8.43 and last traded at GBX 8.05. 4,666,642 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 5,182,614 shares. The stock had previously closed at GBX 5.75.
Kendrick Resources Trading Up 40.0%
The company has a 50 day moving average of GBX 6.55 and a two-hundred day moving average of GBX 4.36. The company has a debt-to-equity ratio of -19.78, a quick ratio of 16.01 and a current ratio of 0.04. The stock has a market capitalization of £33.96 million, a PE ratio of -8.85 and a beta of 1.50.
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.
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