Kendrick Resources PLC (LON:KEN – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday after an insider bought additional shares in the company. The stock traded as high as GBX 2.64 and last traded at GBX 2.36, with a volume of 5983837 shares trading hands. The stock had previously closed at GBX 2.15.
Specifically, insider Kjeld Thygesen acquired 1,837,500 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were purchased at an average price of GBX 2 per share, for a total transaction of £36,750. Also, insider Colin Bird bought 6,400,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average price of GBX 2 per share, with a total value of £128,000. In other Kendrick Resources news, insider Alex Borrelli bought 550,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average cost of GBX 2 per share, with a total value of £11,000.
Kendrick Resources Trading Up 9.8%
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 has a 50 day simple moving average of GBX 0.74 and a two-hundred day simple moving average of GBX 0.45. The stock has a market cap of £6.92 million, a price-to-earnings ratio of -1.75 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.
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