Cadence Minerals (LON:KDNC) Releases Earnings Results

Cadence Minerals (LON:KDNC) issued its quarterly earnings results on Monday. The company reported GBX (0.53) earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX (26) million during the quarter. Cadence Minerals had a negative return on equity of 9.71% and a net margin of 134.07%.

Cadence Minerals Stock Performance

Shares of KDNC stock traded down GBX 0.36 on Monday, hitting GBX 6.24. The company had a trading volume of 509,271 shares, compared to its average volume of 1,523,004. Cadence Minerals has a twelve month low of GBX 1.40 and a twelve month high of GBX 8.30. The company has a quick ratio of 78.09, a current ratio of 3.30 and a debt-to-equity ratio of 3.52. The firm has a market cap of £25.54 million, a P/E ratio of -11.37 and a beta of 1.78. The company has a 50-day moving average price of GBX 6.54 and a 200-day moving average price of GBX 4.91.

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.