Kendrick Resources (LON:KEN) Stock Price Down 11.8% – What’s Next?

Kendrick Resources PLC (LON:KEN) shares traded down 11.8% on Monday . The stock traded as low as GBX 6.75 and last traded at GBX 6.81. 15,792,380 shares changed hands during trading, an increase of 141% from the average session volume of 6,555,234 shares. The stock had previously closed at GBX 7.73.

Kendrick Resources Stock Performance

The stock has a market cap of £25.44 million, a P/E ratio of -7.49 and a beta of 1.08. The firm’s 50-day moving average is GBX 3.12 and its two-hundred day moving average is GBX 1.51. The company has a quick ratio of 16.01, a current ratio of 0.04 and a debt-to-equity ratio of -21.25.

Kendrick Resources (LON:KEN) last issued its quarterly earnings data on Wednesday, April 29th. The company reported GBX (0.91) earnings per share for the quarter. Kendrick Resources had a negative net margin of 227,572.12% and a positive return on equity of 9,279.39%.

Insider Activity at Kendrick Resources

In related news, insider Alex Borrelli purchased 550,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were bought at an average price of GBX 2 per share, for a total transaction of £11,000. Also, insider Colin Bird purchased 6,400,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were bought at an average price of GBX 2 per share, for a total transaction of £128,000. Over the last 90 days, insiders have acquired 11,936,200 shares of company stock valued at $23,872,400. 19.00% 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.