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

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

Kendrick Resources Stock Performance

The stock’s 50-day simple moving average is GBX 4.12 and its 200-day simple moving average is GBX 2.02. The stock has a market cap 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.

Kendrick Resources (LON:KEN) last announced its earnings results on Wednesday, April 29th. The company reported GBX (0.91) earnings per share (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.