Kendrick Resources (LON:KEN) Shares Down 8.6% – Here’s What Happened

Shares of Kendrick Resources PLC (LON:KEN) were down 8.6% during mid-day trading on Friday . The stock traded as low as GBX 7.16 and last traded at GBX 7.31. Approximately 4,818,032 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 5,211,809 shares. The stock had previously closed at GBX 8.

Kendrick Resources Trading Down 8.6%

The company has a 50 day moving average of GBX 6.52 and a 200-day moving average of GBX 4.49. The stock has a market cap of £30.85 million, a price-to-earnings ratio of -8.04 and a beta of 1.47. The company has a debt-to-equity ratio of -19.78, a quick ratio of 16.01 and a current ratio of 0.04.

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.