Kendrick Resources (LON:KEN) Hits New 52-Week High – Still a Buy?

Kendrick Resources PLC (LON:KEN) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 3.44 and last traded at GBX 3.23, with a volume of 10512785 shares changing hands. The stock had previously closed at GBX 2.90.

Kendrick Resources Stock Performance

The firm has a fifty day simple moving average of GBX 1.40 and a 200 day simple moving average of GBX 0.68. The company has a current ratio of 0.07, a quick ratio of 16.01 and a debt-to-equity ratio of 19.10. The stock has a market cap of £9.36 million, a price-to-earnings ratio of -2.07 and a beta of 1.37.

Insider Buying and Selling at Kendrick Resources

In other news, insider Evan Kirby bought 1,012,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average cost of GBX 2 per share, for a total transaction of £20,250. Also, insider Colin Bird bought 6,400,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average price of GBX 2 per share, with a total value of £128,000. Insiders purchased a total of 14,422,330 shares of company stock valued at $26,358,530 in the last quarter. 19.00% of the stock is currently owned by corporate 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.