Kendrick Resources (LON:KEN) Sets New 1-Year High – Should You Buy?

Kendrick Resources PLC (LON:KEN)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 1.45 and last traded at GBX 1.41, with a volume of 20107500 shares traded. The stock had previously closed at GBX 1.10.

Kendrick Resources Stock Up 28.2%

The company has a quick ratio of 16.01, a current ratio of 0.30 and a debt-to-equity ratio of 2.33. The stock has a 50-day simple moving average of GBX 0.44 and a two-hundred day simple moving average of GBX 0.35. The firm has a market cap of £4.13 million, a PE ratio of -1.04 and a beta of -1.19.

Insider Activity at Kendrick Resources

In other Kendrick Resources news, insider Martyn John Churchouse acquired 2,486,130 shares of the stock in a transaction dated Wednesday, January 28th. The stock was purchased at an average cost of GBX 1 per share, for a total transaction of £24,861.30. Company insiders own 20.98% of the company’s stock.

Kendrick Resources Company Profile

Kendrick Resources PLC engages in the engages in the exploitation and development of mineral resources. It explores for nickel, cobalt, copper, and vanadium. The company's 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 Vanadium Project comprising a single granted exploration permit covering 13.72 square kilometers located in Finland; and the Karhujupukka Vanadium and Nickel project that comprises two granted exploration permits covering a combined area of 6.5 square kilometers in Finland.