Kendrick Resources (LON:KEN) Stock Price Down 10.5% – Here’s What Happened

Kendrick Resources PLC (LON:KEN)’s share price dropped 10.5% during trading on Tuesday . The company traded as low as GBX 1.66 and last traded at GBX 1.66. Approximately 10,952,549 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 8,644,118 shares. The stock had previously closed at GBX 1.85.

Kendrick Resources Stock Performance

The stock has a fifty day moving average of GBX 0.55 and a 200-day moving average of GBX 0.38. The firm has a market capitalization of £5.31 million, a P/E ratio of -1.34 and a beta of -1.19. The company has a quick ratio of 16.01, a current ratio of 0.30 and a debt-to-equity ratio of 2.33.

Insider Activity

In other Kendrick Resources news, insider Martyn John Churchouse bought 2,486,130 shares of Kendrick Resources stock in a transaction that occurred on Wednesday, January 28th. The stock was acquired at an average price of GBX 1 per share, for a total transaction of £24,861.30. 20.98% of the stock is 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.