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Kendrick Resources PLC
(LSE:KEN)
Select Model
Select Model
Rating:41Neutral
Price Target:
5.50 p
▼(-20.06% Downside)
Action:Reiterated
Date:10/01/26
The score is driven down primarily by very weak financial performance (zero revenue, persistent losses and cash burn, and a sharply weakened 2025 balance sheet with negative equity). Technicals provide only limited support, as the stock is below key short/mid-term moving averages with weak momentum, despite oversold-type readings. Valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Exploration portfolio optionality
The exploration model offers potential value creation through advancing mineral projects, selling interests, or securing transaction outcomes. Although early-stage, this provides multiple routes to monetize discoveries without requiring the company to operate a producing mine immediately.
Negative Factors
No demonstrated operating revenue
The absence of operating revenue means the company has not demonstrated a self-funding commercial base. Persistent losses therefore depend on external financing or asset transactions, limiting earnings visibility and making future exploration progress financially dependent on capital access.
Read all positive and negative factors
Positive Factors
Negative Factors
Exploration portfolio optionality
The exploration model offers potential value creation through advancing mineral projects, selling interests, or securing transaction outcomes. Although early-stage, this provides multiple routes to monetize discoveries without requiring the company to operate a producing mine immediately.
Read all positive factors
Kendrick Resources PLC (KEN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£23.83M
Dividend YieldN/A
Average Volume (3M)1.48M
Price to Earnings (P/E)―
Beta (1Y)-0.52
Revenue GrowthN/A
EPS Growth1.48%
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding421,816,930
10 Day Avg. Volume2,105,237
30 Day Avg. Volume1,476,015
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.61
Price to Sales (P/S)0.00
P/FCF Ratio-3.63
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 operates within the energy metals sector, focusing on their extraction and production. Its portfolio includes significant projects in Sweden, notably the Airijoki vanadium deposit and the Central Sweden Projects, encompassin...
How the Company Makes Money
Kendrick Resources PLC’s business model is typical of an early-stage mineral exploration company: it generally does not generate stable operating revenue from selling products because it is primarily engaged in exploration and project evaluation r...
Kendrick Resources PLC Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | -2.05K | -8.62K |
| EBITDA | -1.99M | -443.00K | -693.00K | -1.10M | -1.04M | -316.37K |
| Net Income | -4.15M | -2.60M | -3.44M | -1.10M | -1.04M | -324.99K |
Balance Sheet | ||||||
| Total Assets | 3.56M | 56.09K | 2.27M | 5.01M | 5.85M | 885.10K |
| Cash, Cash Equivalents and Short-Term Investments | 1.58M | 13.88K | 19.35K | 201.79K | 1.83M | 119.80K |
| Total Debt | 725.71K | 240.34K | 125.00K | 3.65K | 0.00 | 679.50K |
| Total Liabilities | 2.55M | 1.27M | 946.38K | 428.71K | 283.94K | 1.12M |
| Stockholders Equity | 1.00M | -1.22M | 1.32M | 4.58M | 5.57M | -236.36K |
Cash Flow | ||||||
| Free Cash Flow | -2.04M | -205.29K | -235.36K | -1.59M | -1.66M | -744.56K |
| Operating Cash Flow | -2.04M | -205.29K | -235.36K | -358.37K | -1.01M | -70.81K |
| Investing Cash Flow | -902.88K | -11.07K | -181.66K | -1.23M | -569.57K | -601.32K |
| Financing Cash Flow | 4.39M | 206.43K | 125.00K | 0.00 | 3.38M | 679.50K |
Kendrick Resources PLC Technical Analysis
Negative
6.88
Price Trends
6.81
Negative
6.96
Negative
4.43
Positive
Market Momentum
-0.25
Positive
32.83
Neutral
14.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KEN, the sentiment is Negative. The current price of 6.88 is below the 20-day moving average (MA) of 7.15, above the 50-day MA of 6.81, and above the 200-day MA of 4.43, indicating a neutral trend. The MACD of -0.25 indicates Positive momentum. The RSI at 32.83 is Neutral, neither overbought nor oversold. The STOCH value of 14.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:KEN.
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% | |
47 Neutral | £16.00M | -3.70 | -12.12% | ― | ― | 74.12% | |
47 Neutral | £1.59M | 2.58 | 57.28% | ― | ― | ― | |
46 Neutral | £1.67M | -3.31 | -19.42% | ― | -100.00% | ― | |
41 Neutral | £23.83M | -4.25 | 3889.95% | ― | ― | 1.48% | |
37 Underperform | £1.62M | -0.26 | -53.03% | ― | ― | ― |
* Basic Materials Sector Average
GB:KEN
Kendrick Resources PLC
5.65
5.32
1612.12%
GB:RRR
Red Rock Resources
0.02
-0.02
-56.76%
GB:SRES
Sunrise Resources
0.01
-0.01
-44.00%
GB:GWMO
Great Western Mining
3.65
2.25
160.71%
GB:CHF
Chesterfield Resources Plc
0.85
0.05
6.25%
Kendrick Resources PLC Corporate Events
Business Operations and StrategyM&A Transactions
Kendrick Resources Advances Bonya Rare Earths and Blue Fox Copper in Strategic Southern African Push
Positive
Sep 30, 2026
Kendrick Resources has delivered a transformational interim period driven by its 70% acquisition and rapid advancement of the Bonya rare earth project in Namibia, where extensive historical data and ongoing drilling at Teufelskuppe and Kieshö...
Business Operations and Strategy
Kendrick Resources Reports High-Grade Rare Earth Drilling Results at Teufelskuppe
Positive
Sep 29, 2026
Kendrick Resources has reported strong new drilling results from its Teufelskuppe rare earths project, where 90 drill holes have been completed across diamond and reverse circulation programmes. Portable XRF measurements show impressive light rare...
Business Operations and StrategyRegulatory Filings and Compliance
Kendrick Resources Confirms High‑Grade Rare Earths at Teufelskuppe
Positive
Sep 11, 2026
Kendrick Resources has reported new certified diamond drill assay results from the Teufelskuppe carbonatite complex, confirming high‑grade light rare earth oxide (LREO) mineralisation across multiple sills. Key intercepts include 3.05 wt% LR...
Business Operations and Strategy
Kendrick Resources Reports Low-Radioactivity Rare Earths at Namibia TK Project
Positive
Sep 10, 2026
Kendrick Resources has reported positive mineralogical and metallurgical results from its Teufelskuppe carbonatite complex in Namibia, confirming that rare earth elements are hosted in fluorocarbonate minerals such as bastnäsite and parisite ...
Business Operations and Strategy
Kendrick Resources Confirms Strong Teufelskuppe Rare Earth Grades With pXRF Validation
Positive
Sep 2, 2026
Kendrick Resources has reported a key validation milestone at its Teufelskuppe rare earth project, with handheld X-ray fluorescence measurements of light rare earth oxide grades in drill core showing a strong positive correlation to certified labo...
Business Operations and StrategyRegulatory Filings and Compliance
Kendrick Resources Updates Registered Office in London
Neutral
Aug 27, 2026
Kendrick Resources Plc has announced an immediate change to its registered office, relocating its corporate address to 1st Floor, 24 Ives Street, London, SW3 2ND. The update, while administrative in nature, reflects a formal shift in the company&#...
Business Operations and Strategy
Kendrick Resources Advances Metallurgical Work at Teufelskuppe Rare Earth Project
Positive
Aug 26, 2026
Kendrick Resources has initiated metallurgical test work on mineralisation at its Teufelskuppe rare earth project in Namibia, engaging German consultancy Anzaplan to conduct Mineral Liberation Analysis on bulk samples from the Bonya project to ass...
Business Operations and Strategy
Kendrick hits thick high-grade rare earth zones at Namibia’s Teufelskuppe project
Positive
Aug 10, 2026
Kendrick Resources has reported new portable X-ray fluorescence drill results from its Teufelskuppe rare earths project in Namibia, highlighting high-grade light rare earth oxide intersections over substantial widths in multiple diamond drill hole...
Business Operations and Strategy
Kendrick lifts Teufelskuppe rare earth potential with high-grade drill results
Positive
Jul 28, 2026
Kendrick Resources has reported further high-grade rare earth element drill results from its Teufelskuppe carbonatite project in Namibia, with three recent diamond holes delivering continuous mineralised intercepts of 2.14–3.47 wt% LREO over...
Business Operations and Strategy
Kendrick Drilling Confirms High-Grade Rare Earths at Teufelskuppe in Namibia
Positive
Jul 24, 2026
Kendrick Resources has reported further strong drilling results from its Teufelskuppe rare earth project in Namibia, confirming broad zones of near-surface, high-grade light rare earth oxide mineralisation within the carbonatite complex. Recent di...
Business Operations and Strategy
Kendrick Resources Confirms High-Grade Rare Earths at Teufelskuppe as Drilling Ramps Up
Positive
Jul 15, 2026
Kendrick Resources has reported strong portable XRF channel sampling results from five surface carbonatite bodies at its Teufelskuppe rare earth project in Namibia, confirming extensive, continuous high-grade light rare earth oxide mineralisation ...
Business Operations and Strategy
Kendrick uncovers high‑grade breccia to bolster Namibian rare earth project
Positive
Jul 9, 2026
Kendrick Resources has reported the discovery of high‑grade rare earth element breccia at the Teufelskuppe carbonatite complex in Namibia, reinforcing the site’s potential as a significant rare earth development. The breccia, estimated...
Business Operations and Strategy
Kendrick drill results bolster Teufelskuppe rare earths potential
Positive
Jul 7, 2026
Kendrick Resources has reported new portable X‑ray fluorescence drill results from three diamond holes at its Teufelskuppe rare earth project in Namibia, confirming extensive, shallow and continuous mineralisation within the carbonatite comp...
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.