Kendrick Resources (LON:KEN) Trading Down 8.8% – Here’s Why

Kendrick Resources PLC (LON:KEN) shares fell 8.8% during mid-day trading on Thursday . The stock traded as low as GBX 0.29 ($0.00) and last traded at GBX 0.29 ($0.00). 411,774 shares changed hands during trading, a decline of 57% from the average session volume of 968,078 shares. The stock had previously closed at GBX 0.32 ($0.00).

Kendrick Resources Stock Down 8.8%

The company has a current ratio of 0.30, a quick ratio of 16.01 and a debt-to-equity ratio of 2.33. The stock has a 50 day simple moving average of GBX 0.27 and a 200 day simple moving average of GBX 0.23. The firm has a market capitalization of £856,284.16, a PE ratio of -20.86 and a beta of -1.19.

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.