Key Points
- Insider purchase: Kiran Morzaria bought 733,867 Cadence Minerals shares at GBX 4 each, for a total value of approximately £29,355.
- Stock performance: Cadence Minerals shares were up 6.9%, opening at GBX 5.08, compared with a 52-week range of GBX 1.76 to GBX 8.30.
- Financial and business profile: The mining company reported a quarterly loss of GBX 0.53 per share and negative return on equity, while pursuing lithium, iron ore, rare earth and other mining projects across Mexico, Australia, Brazil and Europe.
Cadence Minerals Plc (LON:KDNC - Get Free Report) insider Kiran Morzaria purchased 733,867 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average cost of GBX 4 per share, with a total value of £29,354.68.
Cadence Minerals Stock Up 6.9%
Shares of KDNC opened at GBX 5.08 on Friday. Cadence Minerals Plc has a fifty-two week low of GBX 1.76 and a fifty-two week high of GBX 8.30. The company's fifty day moving average is GBX 5.84 and its two-hundred day moving average is GBX 5.21. The firm has a market cap of £20.78 million, a PE ratio of -9.65 and a beta of 1.80. The company has a quick ratio of 78.09, a current ratio of 9.29 and a debt-to-equity ratio of 0.48.
Cadence Minerals (LON:KDNC - Get Free Report) last released its quarterly earnings data on Monday, June 29th. The company reported GBX (0.53) EPS for the quarter. Cadence Minerals had a negative return on equity of 9.74% and a net margin of 875.38%.
About Cadence Minerals
(
Get Free Report)
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. In addition, it holds interest in Evergreen Lithium project situated in Western Australia; and European Metals Holdings project located in Cinovec.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
