Kendrick Resources (LON:KEN) Sets New 12-Month High – Here’s Why

Kendrick Resources PLC (LON:KEN)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 1.45 and last traded at GBX 1.41, with a volume of 20107500 shares trading hands. The stock had previously closed at GBX 1.10.

Kendrick Resources Stock Performance

The company has a debt-to-equity ratio of 2.33, a current ratio of 0.30 and a quick ratio of 16.01. The firm has a fifty day moving average price of GBX 0.46 and a two-hundred day moving average price of GBX 0.35. The stock has a market capitalization of £4.13 million, a PE ratio of -1.04 and a beta of -1.19.

Insiders Place Their Bets

In other Kendrick Resources news, insider Martyn John Churchouse bought 2,486,130 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was acquired 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.