Kendrick Resources (LON:KEN) Reaches New 52-Week High – Here’s Why

Shares of Kendrick Resources PLC (LON:KEN) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 8.85 and last traded at GBX 7.73, with a volume of 28457518 shares traded. The stock had previously closed at GBX 7.38.

Kendrick Resources Price Performance

The company has a market cap of £28.84 million, a price-to-earnings ratio of -8.49 and a beta of 1.08. The company has a current ratio of 0.04, a quick ratio of 16.01 and a debt-to-equity ratio of -21.25. The company’s 50 day moving average price is GBX 3.02 and its 200 day moving average price is GBX 1.46.

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 positive return on equity of 9,279.39% and a negative net margin of 227,572.12%.

Insider Buying and Selling

In other news, insider Martyn John Churchouse bought 2,136,200 shares of Kendrick Resources stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of GBX 2 per share, for a total transaction of £42,724. Also, insider Evan Kirby acquired 1,012,500 shares of Kendrick Resources stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average price of GBX 2 per share, with a total value of £20,250. In the last three months, insiders have acquired 11,936,200 shares of company stock worth $23,872,400. 19.00% of the stock is currently owned by 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.