Cadence Minerals (LON:KDNC) Issues Quarterly Earnings Results

Cadence Minerals (LON:KDNC) issued its quarterly earnings data 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. The company’s stock had a trading volume of 6,129,121 shares, compared to its average volume of 1,642,982. Cadence Minerals has a 12 month low of GBX 3 and a 12 month high of GBX 8.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 9.29 and a quick ratio of 78.09. The firm has a market cap of £19.72 million, a price-to-earnings ratio of -9.07 and a beta of 1.82. The company has a 50-day moving average of GBX 5.29 and a 200-day moving average of GBX 5.58.

Insider Activity at Cadence Minerals

In related news, insider Kiran Morzaria purchased 733,867 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average cost of GBX 4 per share, for a total transaction of £29,354.68. 7.28% of the stock is owned by insiders.

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.