Kendrick Resources PLC ( (GB:KEN) ) has provided an announcement.
Kendrick Resources PLC announced its financial results for the year ending December 29, 2024, reporting a significant loss before tax of £3.4 million, largely due to administrative costs and impairments on certain projects. The company has decided to concentrate its efforts on the Airijoki Vanadium project in Sweden, given its robust potential and the challenging market conditions for nickel exploration. The board plans to restructure its portfolio to focus on critical metals like copper, leveraging its experience in Southern Africa, and aims to minimize costs while evaluating new opportunities.
More about Kendrick Resources PLC
Kendrick Resources PLC is a mineral exploration and development company focused on building vanadium, nickel, and copper battery metal projects in Scandinavia. The company’s primary market focus is on energy metals, particularly through its vanadium project in Sweden, as well as exploring opportunities in Southern Africa.
YTD Price Performance: -32.14%
Average Trading Volume: 600,960
Technical Sentiment Signal: Buy
Current Market Cap: £557.2K
Find detailed analytics on KEN stock on TipRanks’ Stock Analysis page.
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