Kendrick Resources (LON:KEN) Insider Acquires £36,750 in Stock

Kendrick Resources PLC (LON:KEN) insider Kjeld Thygesen acquired 1,837,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were purchased at an average cost of GBX 2 per share, with a total value of £36,750.

Kendrick Resources Trading Up 2.4%

Shares of LON KEN opened at GBX 2.20 on Wednesday. Kendrick Resources PLC has a fifty-two week low of GBX 0.15 and a fifty-two week high of GBX 2.49. 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 company has a market cap of £6.45 million, a price-to-earnings ratio of -1.63 and a beta of -1.19. The business’s 50 day moving average price is GBX 0.69 and its 200-day moving average price is GBX 0.44.

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.