Kendrick Resources (LON:KEN) Trading Up 3.1% – Here’s Why

Kendrick Resources PLC (LON:KEN)’s stock price was up 3.1% during mid-day trading on Thursday . The company traded as high as GBX 2.68 and last traded at GBX 2.63. Approximately 6,798,392 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 6,232,287 shares. The stock had previously closed at GBX 2.55.

Kendrick Resources Price Performance

The stock has a market capitalization of £8.79 million, a P/E ratio of -1.95 and a beta of 1.37. The stock’s fifty day moving average is GBX 2.13 and its 200-day moving average is GBX 0.94. The company has a debt-to-equity ratio of 19.10, a current ratio of 0.07 and a quick ratio of 16.01.

Insider Transactions at Kendrick Resources

In other Kendrick Resources news, insider Evan Kirby acquired 1,012,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average cost of GBX 2 per share, for a total transaction of £20,250. Also, insider Kjeld Thygesen acquired 1,837,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average price of GBX 2 per share, with a total value of £36,750. Insiders purchased a total of 14,422,330 shares of company stock valued at $26,358,530 in the last three months. 19.00% 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.