Kendrick Resources (LON:KEN) Stock Price Down 4.8% – Here’s Why

Kendrick Resources PLC (LON:KEN)’s share price fell 4.8% during mid-day trading on Wednesday . The stock traded as low as GBX 0.47 ($0.01) and last traded at GBX 0.50 ($0.01). 532,845 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 1,081,501 shares. The stock had previously closed at GBX 0.53 ($0.01).

Kendrick Resources Stock Down 4.8 %

The firm has a market cap of £1.25 million, a P/E ratio of -35.00 and a beta of -1.20. The stock’s 50-day moving average is GBX 0.70 and its 200-day moving average is GBX 0.62.

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.