Kendrick Resources PLC - London-based, Scandinavia-focused mineral exploration and development company - Reports pretax loss of GBP1.1 million in 2023 widened from GBP1.0 million a year earlier. Administrative cost increase to GBP580,287, up from GBP418,294.
Looking ahead, Kendrick says: "There appears a new realisation that if clean energy targets are to be met then critical mining has to take place. Indeed the southern coast of Norway is becoming known as the 'Battery Coast' by industry pundits and the board believes we have a good portfolio in the much sought after commodities at a time when Scandinavia may well undergo a mining renaissance."
Current stock price: 0.38 pence
12-month change: down 68%
By Sophie Rose, Alliance News reporter
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Kendrick Resources (KEN)