Kendrick Resources (LON:KEN) Reaches New 52-Week High – Still a Buy?

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

Kendrick Resources Stock Up 7.4%

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 business’s fifty day moving average price is GBX 0.55 and its two-hundred day moving average price is GBX 0.38. The firm has a market cap of £5.51 million, a P/E ratio of -1.39 and a beta of -1.19.

Insiders Place Their Bets

In related news, insider Martyn John Churchouse purchased 2,486,130 shares of Kendrick Resources stock in a transaction on Wednesday, January 28th. The stock was bought at an average price of GBX 1 per share, with a total value of £24,861.30. 20.98% of the stock is currently owned by company insiders.

Kendrick Resources Company Profile

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.