Kendrick Resources (LON:KEN) Shares Down 7.3% – Time to Sell?

Kendrick Resources PLC (LON:KEN)’s share price traded down 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 changed hands during 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 Price Performance

The company has a market cap of £5.57 million, a price-to-earnings ratio of -1.41 and a beta of 1.37. The company’s 50 day moving average price is GBX 1.03 and its 200 day moving average price 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.

Insider Activity

In other Kendrick Resources news, insider Colin Bird acquired 6,400,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were bought at an average price of GBX 2 per share, with a total value of £128,000. Also, insider Alex Borrelli bought 550,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of GBX 2 per share, for a total transaction of £11,000. Insiders bought a total of 14,422,330 shares of company stock valued at $26,358,530 over the last ninety days. 20.98% of the stock is currently owned by company 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.