Kendrick Resources (LON:KEN) Stock Price Up 14.7% – Still a Buy?

Shares of Kendrick Resources PLC (LON:KEN) rose 14.7% on Thursday . The stock traded as high as GBX 1.09 and last traded at GBX 1.09. Approximately 2,185,270 shares were traded during trading, a decline of 72% from the average daily volume of 7,745,415 shares. The stock had previously closed at GBX 0.95.

Kendrick Resources Stock Up 28.2%

The stock has a fifty day moving average price of GBX 0.46 and a two-hundred day moving average price of GBX 0.35. The company has a market cap of £4.13 million, a price-to-earnings ratio of -1.04 and a beta of -1.19. The company has a quick ratio of 16.01, a current ratio of 0.30 and a debt-to-equity ratio of 2.33.

Insiders Place Their Bets

In other Kendrick Resources news, insider Martyn John Churchouse acquired 2,486,130 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was purchased at an average price of GBX 1 per share, with a total value of £24,861.30. 20.98% of the stock is owned by company insiders.

About Kendrick Resources

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.