Kendrick Resources (LON:KEN) Hits New 12-Month High – Here’s Why

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

Kendrick Resources Trading Up 28.2%

The company has a debt-to-equity ratio of 2.33, a quick ratio of 16.01 and a current ratio of 0.30. The firm has a market capitalization of £4.13 million, a PE ratio of -1.04 and a beta of -1.19. The stock’s 50-day simple moving average is GBX 0.44 and its 200-day simple moving average is GBX 0.35.

Insider Transactions 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 stock was bought at an average cost of GBX 1 per share, with a total value of £24,861.30. 20.98% of the stock is currently owned by 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.