Kendrick Resources (LON:KEN) Shares Up 20.9% – Here’s Why

Kendrick Resources PLC (LON:KEN)’s share price rose 20.9% during trading on Friday . The stock traded as high as GBX 0.45 ($0.01) and last traded at GBX 0.39 ($0.01). Approximately 24,885,057 shares changed hands during trading, an increase of 2,133% from the average daily volume of 1,114,625 shares. The stock had previously closed at GBX 0.32 ($0.00).

Kendrick Resources Stock Up 3.9%

The firm’s 50-day simple moving average is GBX 0.28 and its 200 day simple moving average is GBX 0.23. The company has a market cap of £1.17 million, a P/E ratio of -28.57 and a beta of -1.19. The company has a debt-to-equity ratio of 2.33, a quick ratio of 16.01 and a current ratio of 0.30.

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.