Kendrick Resources (LON:KEN) Stock Falls 18.4% – Here’s Why

Kendrick Resources PLC (LON:KEN)’s stock price traded down 18.4% during mid-day trading on Friday. The stock traded as low as GBX 3.92 and last traded at GBX 4. 4,079,656 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 4,355,422 shares. The stock had previously closed at GBX 4.90.

Kendrick Resources Price Performance

The company has a 50 day moving average price of GBX 6.66 and a 200 day moving average price of GBX 6.12. The company has a current ratio of 1.04, a quick ratio of 16.01 and a debt-to-equity ratio of 72.46. The company has a market capitalization of £16.87 million, a P/E ratio of -4.62 and a beta of 1.56.

Kendrick Resources (LON:KEN) last announced its quarterly earnings results on Wednesday, September 30th. The company reported GBX (0.01) EPS for the quarter. Kendrick Resources had a negative net margin of 227,572.12% and a positive return on equity of 3,889.95%.

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.