Kendrick Resources (LON:KEN) Trading Down 4.8% – Should You Sell?

Kendrick Resources PLC (LON:KEN) shares traded down 4.8% on Wednesday . The company traded as low as GBX 0.47 ($0.01) and last traded at GBX 0.50 ($0.01). 532,845 shares traded hands during 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 Trading Down 4.8 %

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

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.