Kendrick Resources (LON:KEN) Sets New 52-Week High – Still a Buy?

Shares of Kendrick Resources PLC (LON:KEN) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 9.70 and last traded at GBX 8.65, with a volume of 21999838 shares trading hands. The stock had previously closed at GBX 8.30.

Kendrick Resources Price Performance

The company has a market cap of £32.30 million, a price-to-earnings ratio of -9.51 and a beta of 1.08. The company has a 50 day moving average price of GBX 3.90 and a 200-day moving average price of GBX 1.90. 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 announced its quarterly earnings data 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%.

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.