Kendrick Resources (LON:KEN) Sets New 52-Week High – What’s Next?

Kendrick Resources PLC (LON:KEN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 0.68 and last traded at GBX 0.68, with a volume of 6920060 shares changing hands. The stock had previously closed at GBX 0.55.

Kendrick Resources Trading Down 12.2%

The company has a 50-day moving average of GBX 0.30 and a 200 day moving average of GBX 0.30. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.30 and a quick ratio of 16.01. The company has a market cap of £2.08 million, a PE ratio of -0.53 and a beta of -1.19.

Insider Buying and Selling at Kendrick Resources

In related news, insider Martyn John Churchouse purchased 2,486,130 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were bought at an average price of GBX 1 per share, for a total transaction of £24,861.30. Corporate insiders own 20.13% of the company’s stock.

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.