Cadence Minerals Plc (LON:KDNC) Insider Kiran Morzaria Buys 1,800,000 Shares of Stock

Cadence Minerals Plc (LON:KDNC) insider Kiran Morzaria acquired 1,800,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was purchased at an average cost of GBX 3 ($0.04) per share, for a total transaction of £54,000 ($69,168.69).

Cadence Minerals Stock Down 11.5 %

Shares of KDNC stock opened at GBX 2.70 ($0.03) on Friday. The stock’s 50-day simple moving average is GBX 3.74 and its 200-day simple moving average is GBX 4.47. The company has a debt-to-equity ratio of 6.03, a quick ratio of 78.09 and a current ratio of 16.71. The firm has a market capitalization of £5.34 million, a PE ratio of -280.00 and a beta of 2.01. Cadence Minerals Plc has a fifty-two week low of GBX 2.60 ($0.03) and a fifty-two week high of GBX 9 ($0.12).

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.