Kendrick Resources (LON:KEN) Trading Up 12.9% – Should You Buy?

Kendrick Resources PLC (LON:KEN)’s stock price was up 12.9% during mid-day trading on Wednesday . The company traded as high as GBX 3.50 and last traded at GBX 3.50. Approximately 6,022,483 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 6,068,203 shares. The stock had previously closed at GBX 3.10.

Kendrick Resources Price Performance

The company has a debt-to-equity ratio of 19.10, a current ratio of 0.07 and a quick ratio of 16.01. The stock has a 50 day moving average price of GBX 2.26 and a 200-day moving average price of GBX 1. The stock has a market capitalization of £11.70 million, a price-to-earnings ratio of -2.59 and a beta of 1.19.

Insider Transactions at Kendrick Resources

In other news, insider Colin Bird purchased 6,400,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average cost of GBX 2 per share, with a total value of £128,000. Also, insider Evan Kirby purchased 1,012,500 shares of the stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average cost of GBX 2 per share, for a total transaction of £20,250. Over the last three months, insiders acquired 14,422,330 shares of company stock valued at $26,358,530. Insiders own 19.00% of the company’s stock.

Kendrick Resources Company Profile

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.