Kiran Morzaria Acquires 733,867 Shares of Cadence Minerals (LON:KDNC) Stock

Cadence Minerals Plc (LON:KDNC) insider Kiran Morzaria purchased 733,867 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was acquired at an average price of GBX 4 per share, for a total transaction of £29,354.68.

Cadence Minerals Trading Up 3.2%

Shares of KDNC stock opened at GBX 4.90 on Thursday. The stock has a market cap of £20.05 million, a P/E ratio of -9.32 and a beta of 1.80. The company has a quick ratio of 78.09, a current ratio of 9.29 and a debt-to-equity ratio of 0.48. Cadence Minerals Plc has a fifty-two week low of GBX 1.76 and a fifty-two week high of GBX 8.30. The business has a fifty day simple moving average of GBX 5.86 and a 200-day simple moving average of GBX 5.20.

Cadence Minerals (LON:KDNC) last released its earnings results on Monday, June 29th. The company reported GBX (0.53) EPS for the quarter. Cadence Minerals had a net margin of 875.38% and a negative return on equity of 9.74%.

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.