Kendrick Resources (LON:KEN) Reaches New 12-Month High – What’s Next?

Kendrick Resources PLC (LON:KEN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1.92 and last traded at GBX 1.88, with a volume of 4101286 shares changing hands. The stock had previously closed at GBX 1.75.

Kendrick Resources Price Performance

The firm has a market cap of £5.84 million, a price-to-earnings ratio of -1.47 and a beta of -1.19. The company’s fifty day moving average is GBX 0.62 and its 200 day moving average is GBX 0.41. The company has a quick ratio of 16.01, a current ratio of 0.30 and a debt-to-equity ratio of 2.33.

Insider Activity at Kendrick Resources

In other Kendrick Resources news, insider Martyn John Churchouse acquired 2,486,130 shares of Kendrick Resources stock in a transaction dated Wednesday, January 28th. The stock was bought at an average cost of GBX 1 per share, for a total transaction of £24,861.30. 20.98% 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.