Kendrick Resources (LON:KEN) Stock Falls 10.9% – Time to Sell?

Kendrick Resources PLC (LON:KEN) fell 10.9% during trading on Tuesday. The stock traded as low as GBX 4.71 and last traded at GBX 4.90. Approximately 3,401,478 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 4,549,133 shares. The stock had previously closed at GBX 5.50.

Kendrick Resources Stock Down 10.9%

The company’s 50 day simple moving average is GBX 6.87 and its 200-day simple moving average is GBX 5.89. The firm has a market capitalization of £20.67 million, a PE ratio of -5.38 and a beta of 1.48. The company has a debt-to-equity ratio of 72.46, a quick ratio of 16.01 and a current ratio of 1.04.

Kendrick Resources (LON:KEN) last issued its quarterly earnings results on Wednesday, September 30th. The company reported GBX (0.01) earnings per share (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%.

Kendrick Resources Company Profile

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.