Kendrick Resources (LON:KEN) Shares Up 22.5% – Should You Buy?

Kendrick Resources PLC (LON:KEN)’s stock price traded up 22.5% during mid-day trading on Monday. The company traded as high as GBX 5 and last traded at GBX 4.90. Approximately 4,973,477 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 4,358,437 shares. The stock had previously closed at GBX 4.

Kendrick Resources Stock Performance

The stock has a market capitalization of £20.64 million, a P/E ratio of -5.66 and a beta of 1.56. The company has a 50 day simple moving average of GBX 6.59 and a 200-day simple moving average of GBX 6.13. The company has a debt-to-equity ratio of 72.46, a current ratio of 1.04 and a quick ratio of 16.01.

Kendrick Resources (LON:KEN) last posted its quarterly earnings results on Wednesday, September 30th. The company reported GBX (0.01) earnings per share for the quarter. Kendrick Resources had a positive return on equity of 3,889.95% and a negative net margin of 227,572.12%.

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.