Kendrick Resources (LON:KEN) Stock Price Down 6.3% – Time to Sell?

Kendrick Resources PLC (LON:KEN)’s share price traded down 6.3% during mid-day trading on Thursday . The stock traded as low as GBX 8.16 and last traded at GBX 8.20. 2,946,893 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 6,592,757 shares. The stock had previously closed at GBX 8.75.

Kendrick Resources Stock Performance

The company has a current ratio of 0.04, a quick ratio of 16.01 and a debt-to-equity ratio of -21.25. The stock has a market capitalization of £35.27 million, a PE ratio of -10.38 and a beta of 1.08. The firm’s 50-day simple moving average is GBX 4.12 and its two-hundred day simple moving average is GBX 2.01.

Kendrick Resources (LON:KEN) last posted 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.