Kendrick Resources (LON:KEN) Trading Down 5.9% – Here’s Why

Kendrick Resources PLC (LON:KEN)’s stock price fell 5.9% during mid-day trading on Thursday . The stock traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01). 52 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 1,069,811 shares. The stock had previously closed at GBX 0.43 ($0.01).

Kendrick Resources Trading Down 5.9 %

The company has a debt-to-equity ratio of 2.33, a current ratio of 0.30 and a quick ratio of 16.01. The stock has a market cap of £1.00 million, a P/E ratio of -35.00 and a beta of -1.19. The business’s 50 day simple moving average is GBX 0.65 and its 200 day simple moving average is GBX 0.62.

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.