Kendrick Resources (LON:KEN) Shares Up 9% – Here’s What Happened

Kendrick Resources PLC (LON:KEN) shot up 9% on Monday . The company traded as high as GBX 10.40 and last traded at GBX 10.30. 14,911,111 shares were traded during mid-day trading, an increase of 120% from the average session volume of 6,763,062 shares. The stock had previously closed at GBX 9.45.

Kendrick Resources Stock Performance

The stock has a market capitalization of £38.83 million, a price-to-earnings ratio of -11.43 and a beta of 1.08. 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’s 50 day moving average is GBX 4.12 and its two-hundred day moving average is GBX 2.02.

Kendrick Resources (LON:KEN) last issued its quarterly earnings results on Wednesday, April 29th. The company reported GBX (0.91) EPS 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.