Kendrick Resources (LON:KEN) Hits New 52-Week High – Time to Buy?

Shares of Kendrick Resources PLC (LON:KEN) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 3.98 and last traded at GBX 3.75, with a volume of 30183686 shares trading hands. The stock had previously closed at GBX 3.15.

Kendrick Resources Trading Up 18.9%

The firm has a market capitalization of £13.99 million, a price-to-earnings ratio of -4.12 and a beta of 1.08. The firm’s 50 day moving average is GBX 2.68 and its 200 day moving average is GBX 1.27. The company has a quick ratio of 16.01, a current ratio of 0.04 and a debt-to-equity ratio of -21.25.

Kendrick Resources (LON:KEN) last released its earnings results on Wednesday, April 29th. The company reported GBX (0.91) EPS for the quarter. Kendrick Resources had a negative net margin of 227,572.12% and a positive return on equity of 9,279.39%.

Insider Buying and Selling at Kendrick Resources

In other Kendrick Resources news, insider Kjeld Thygesen bought 1,837,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average cost of GBX 2 per share, with a total value of £36,750. Also, insider Evan Kirby bought 1,012,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average cost of GBX 2 per share, with a total value of £20,250. Over the last quarter, insiders acquired 11,936,200 shares of company stock valued at $23,872,400. Corporate insiders own 19.00% of the company’s stock.

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.