Kendrick Resources PLC (GB:KEN)
LSE:KEN
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Kendrick Resources PLC
(LSE:KEN)
Select Model
Select Model
Rating:45Neutral
Price Target:
0.98 p
▲(275.00% Upside)
Action:ReiteratedDate:02/03/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, negative cash flow, and a material 2024 decline in equity/assets). Technicals provide some offset due to strong upward trend vs moving averages and positive MACD, but overbought momentum indicators increase near-term risk. Valuation is also constrained by negative earnings and no dividend yield support.
Positive Factors
Monetization pathways via farm-outs/JVs/sales
As an exploration-stage miner, Kendrick’s business model centers on advancing licenses then monetizing via asset sales, farm-outs, or JV funding. These structural options can conserve cash, transfer drilling risk to partners, and preserve upside without requiring immediate operating revenue.
Negative Factors
No revenue and widening losses
Four consecutive years of zero revenue and a steep increase in the 2024 net loss reflect structural unprofitability for the foreseeable term. Absent a funded JV or asset sale, persistent operating losses will continue to erode capital and hinder the company’s ability to progress projects independently.
Read all positive and negative factors
Positive Factors
Negative Factors
Monetization pathways via farm-outs/JVs/sales
As an exploration-stage miner, Kendrick’s business model centers on advancing licenses then monetizing via asset sales, farm-outs, or JV funding. These structural options can conserve cash, transfer drilling risk to partners, and preserve upside without requiring immediate operating revenue.
Read all positive factors
Kendrick Resources PLC (KEN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£8.53M
Dividend YieldN/A
Average Volume (3M)963.36K
Price to Earnings (P/E)―
Beta (1Y)-0.26
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding334,329,350
10 Day Avg. Volume155,431
30 Day Avg. Volume963,358
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.53
Price to Sales (P/S)0.00
P/FCF Ratio-2.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kendrick Resources PLC Business Overview & Revenue Model
Company Description
Kendrick Resources PLC engages in the energy metals production business. Its 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 ...
How the Company Makes Money
Kendrick Resources PLC does not typically generate revenue from selling products or services in the way an operating mining company does; instead, its business model is generally to create value by acquiring and advancing mineral exploration licen...
Kendrick Resources PLC Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.14K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.14K | 0.00 | 0.00 | -2.05K | -8.62K | -10.06K |
| EBITDA | -580.62K | -693.00K | -1.10M | -1.04M | -316.37K | -180.57K |
| Net Income | -3.33M | -3.44M | -1.10M | -1.04M | -324.99K | -33.43K |
Balance Sheet | ||||||
| Total Assets | 2.25M | 2.27M | 5.01M | 5.85M | 885.10K | 254.43K |
| Cash, Cash Equivalents and Short-Term Investments | 11.52K | 19.35K | 201.79K | 1.83M | 119.80K | 232.84K |
| Total Debt | 221.30K | 125.00K | 3.65K | 0.00 | 679.50K | 0.00 |
| Total Liabilities | 1.09M | 946.38K | 428.71K | 283.94K | 1.12M | 165.81K |
| Stockholders Equity | 1.16M | 1.32M | 4.58M | 5.57M | -236.36K | 88.62K |
Cash Flow | ||||||
| Free Cash Flow | -275.93K | -235.36K | -1.59M | -1.66M | -744.56K | -86.31K |
| Operating Cash Flow | -265.49K | -235.36K | -358.37K | -1.01M | -70.81K | -86.31K |
| Investing Cash Flow | -110.73K | -181.66K | -1.23M | -569.57K | -601.32K | 58.41K |
| Financing Cash Flow | 224.93K | 125.00K | 0.00 | 3.38M | 679.50K | 0.00 |
Kendrick Resources PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | £6.80M | -0.32 | -19.17% | ― | ― | ― | |
47 Neutral | £2.15M | -3.68 | -19.03% | ― | ― | -100.00% | |
46 Neutral | £1.90M | -0.34 | -41.22% | ― | ― | 22.22% | |
45 Neutral | £8.53M | -1.53 | -121.90% | ― | ― | ― | |
43 Neutral | £1.50M | -3.87 | -163.85% | ― | ― | ― |
* Basic Materials Sector Average
GB:KEN
Kendrick Resources PLC
2.55
2.38
1400.00%
GB:RRR
Red Rock Resources
0.02
>-0.01
-25.93%
GB:SRES
Sunrise Resources
0.03
<0.01
58.82%
GB:GWMO
Great Western Mining
1.65
-0.20
-10.81%
GB:CHF
Chesterfield Resources Plc
0.80
0.58
263.64%
Kendrick Resources PLC Corporate Events
Business Operations and Strategy
Kendrick Hails High-Grade Rare Earth Drilling Success at Namibia’s Bonya Project
Positive
Mar 16, 2026
Kendrick Resources reported exceptionally strong rare earth element assay results from drill hole TWDD001 at the Teufelskuppe carbonatite body within the Bonya rare earth project in Namibia, confirming pervasive high-grade mineralisation over sign...
Business Operations and Strategy
Kendrick fast-tracks drilling to define high-grade rare earth resources in Namibia
Positive
Mar 10, 2026
Kendrick Resources has begun Phase II drilling at the Teufelskuppe and Keishohe carbonatite complexes within its Bonya rare earth project in Namibia, aiming to convert historic high-grade data into JORC-compliant mineral resource estimates. The in...
Business Operations and StrategyM&A Transactions
Kendrick fast-tracks drilling at high-grade Bonya rare earth project in Namibia
Positive
Mar 10, 2026
Kendrick Resources has begun Phase II drilling at the Teufelskuppe and Keishohe rare earth carbonatite complexes within its Bonya project in Namibia, aiming to convert extensive historical high-grade data into JORC-compliant mineral resource estim...
Business Operations and Strategy
Kendrick fast-tracks drilling to define high-grade rare earth resources at Namibia’s Bonya project
Positive
Mar 10, 2026
Kendrick Resources has commenced Phase II drilling at the Teufelskuppe and Keishohe rare earth carbonatite complexes in Namibia’s Bonya project, moving rapidly into resource definition work. All eight known intrusions at Teufelskuppe and mul...
Regulatory Filings and Compliance
Kendrick Resources Confirms Total Voting Rights at 334.3 Million Shares
Neutral
Feb 27, 2026
Kendrick Resources Plc has confirmed that as of 27 February 2026 its issued share capital comprises 334,329,352 ordinary shares of 0.03p each, with one voting right per share and no shares held in treasury. This figure sets the current total votin...
Private Placements and FinancingRegulatory Filings and Compliance
Kendrick Resources Settles £350,624 of Fees in Shares, Lifting Equity Base
Neutral
Feb 25, 2026
Kendrick Resources has issued 17,531,200 new ordinary shares to settle £350,624 of accrued fees owed to directors, a related party and consultants, opting to convert the liabilities at 2.0 pence per share, a 100% premium to the relevant quart...
Private Placements and FinancingRegulatory Filings and Compliance
Kendrick Resources Boosts Share Capital After Warrant Exercise
Neutral
Feb 24, 2026
Kendrick Resources PLC has issued 1,550,000 new ordinary shares at 0.25p each following the exercise of warrants, with the new shares ranking pari passu with existing stock. The company has applied for these shares to be admitted to trading on the...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Kendrick Resources Secures Majority Stake in Namibian Rare Earth Licences
Positive
Feb 23, 2026
Kendrick Resources has exercised its option and signed a definitive agreement to acquire a 70% interest in two Namibian exploration licences, EPL4458 and EPL6691, prospective for a rare earth mining project near Lüderitz. The deal follows tec...
Business Operations and StrategyPrivate Placements and Financing
Kendrick Resources Secures New Convertible Funding and Extends Key Loan Facility
Positive
Feb 10, 2026
Kendrick Resources has secured a new £337,000 unsecured, interest-free convertible loan facility from high net worth investors, including a £37,000 contribution from chairman Colin Bird, alongside an extension of the maturity on an exist...
Other
Kendrick Chairman Colin Bird Increases Stake to Nearly 20% with Share Purchase
Positive
Feb 3, 2026
Kendrick Resources PLC has disclosed that its Executive Chairman, Colin Bird, purchased 2,000,000 ordinary shares in the company on 2 February 2026 at an average price of 0.972825 pence per share, increasing his holding to 57,819,226 shares, or 19...
Other
Kendrick Director Increases Stake with Share Purchase
Positive
Jan 30, 2026
Kendrick Resources PLC has disclosed that executive director Martyn Churchouse purchased 2,486,130 ordinary shares in the company on 28 January 2026 at an average price of 0.5998 pence per share, giving him a 0.85% stake. The director’s shar...
Business Operations and StrategyM&A Transactions
Kendrick Resources Secures Option on High-Grade Rare Earth Licences in Namibia
Positive
Jan 22, 2026
Kendrick Resources PLC has entered into a binding and exclusive option agreement with Bonya Exploration Pty Namibia to acquire at least a 70% interest in two Namibian exploration licenses, EPL4458 and EPL6691, targeting the development of a rare e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.