Kendrick Resources (LON:KEN) Stock Price Up 14.7% – Still a Buy?

Shares of Kendrick Resources PLC (LON:KEN) traded up 14.7% during trading on Thursday . The company traded as high as GBX 1.09 and last traded at GBX 1.09. 2,185,270 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 7,745,415 shares. The stock had previously closed at GBX 0.95.

Kendrick Resources Trading Up 19.1%

The company has a current ratio of 0.30, a quick ratio of 16.01 and a debt-to-equity ratio of 2.33. The company has a fifty day moving average price of GBX 0.42 and a two-hundred day moving average price of GBX 0.34. The firm has a market capitalization of £3.32 million, a price-to-earnings ratio of -0.84 and a beta of -1.19.

Insider Transactions at Kendrick Resources

In related news, insider Martyn John Churchouse bought 2,486,130 shares of the company’s stock in a transaction on 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 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.