Cadence Minerals (LON:KDNC) Releases Quarterly Earnings Results

Cadence Minerals (LON:KDNC) released its earnings results on Tuesday. The company reported GBX (0.35) earnings per share for the quarter, Digital Look Earnings reports. Cadence Minerals had a negative return on equity of 9.74% and a net margin of 875.38%.

Cadence Minerals Stock Down 6.5%

LON KDNC traded down GBX 0.33 on Tuesday, hitting GBX 4.77. The stock had a trading volume of 6,129,121 shares, compared to its average volume of 1,642,982. The company has a debt-to-equity ratio of 0.48, a current ratio of 9.29 and a quick ratio of 78.09. The stock has a market cap of £19.72 million, a price-to-earnings ratio of -9.07 and a beta of 1.82. Cadence Minerals has a 52-week low of GBX 3 and a 52-week high of GBX 8.30. The business’s fifty day moving average price is GBX 5.29 and its 200 day moving average price is GBX 5.58.

Insider Buying and Selling

In other Cadence Minerals news, insider Kiran Morzaria purchased 733,867 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average price of GBX 4 per share, for a total transaction of £29,354.68. Company insiders own 7.28% of the company’s stock.

Cadence Minerals Company Profile

Cadence Minerals Plc identifies, invests in, and develops rare earth assets. It also explores for iron ore, lithium, and other mining related opportunities. The company holds interests in the Sonora Lithium project located in Northern Mexico; and Yangibana project situated in Gascoyne, Western Australia; and the Amapa Iron Ore project located in Brazil. In addition, it holds interest in Evergreen Lithium project situated in Western Australia; and European Metals Holdings project located in Cinovec.