Kendrick Resources (LON:KEN) Stock Price Up 32.2% on Insider Buying Activity

Kendrick Resources PLC (LON:KEN) shares shot up 32.2% during trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 1 and last traded at GBX 0.94. 47,706,691 shares changed hands during trading, an increase of 409% from the average session volume of 9,376,235 shares. The stock had previously closed at GBX 0.71.

Specifically, insider Martyn John Churchouse acquired 2,486,130 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was purchased at an average price of GBX 1 per share, with a total value of £24,861.30.

Kendrick Resources Stock Performance

The stock’s 50-day moving average price is GBX 0.32 and its 200-day moving average price is GBX 0.31. 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 market capitalization of £2.76 million, a P/E ratio of -0.70 and a beta of -1.19.

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.