Kendrick Resources (LON:KEN) Trading Down 7.3% – Here’s What Happened

Kendrick Resources PLC (LON:KEN)’s share price fell 7.3% during trading on Monday . The company traded as low as GBX 1.90 and last traded at GBX 1.90. 6,464,310 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 7,634,557 shares. The stock had previously closed at GBX 2.05.

Kendrick Resources Stock Performance

The stock has a market cap of £5.57 million, a price-to-earnings ratio of -1.41 and a beta of 1.37. The stock’s 50 day moving average is GBX 1.03 and its two-hundred day moving average is GBX 0.55. The company has a current ratio of 0.07, a quick ratio of 16.01 and a debt-to-equity ratio of 19.10.

Insiders Place Their Bets

In other Kendrick Resources news, insider Alex Borrelli bought 550,000 shares of Kendrick Resources stock in a transaction dated Tuesday, February 24th. The stock was acquired at an average cost of GBX 2 per share, with a total value of £11,000. Also, insider Evan Kirby bought 1,012,500 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average price of GBX 2 per share, with a total value of £20,250. In the last ninety days, insiders bought 14,422,330 shares of company stock valued at $26,358,530. 20.98% of the stock is 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.