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

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

Kendrick Resources Stock Down 12.3%

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 business’s fifty day moving average price is GBX 6.60 and its two-hundred day moving average price is GBX 3.38. The firm has a market cap of £22.20 million, a P/E ratio of -5.78 and a beta of 1.50.

Kendrick Resources (LON:KEN) last announced its quarterly 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%.

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.