Insider Buying: Kendrick Resources (LON:KEN) Insider Purchases 550,000 Shares of Stock

Kendrick Resources PLC (LON:KEN) insider Alex Borrelli acquired 550,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average cost of GBX 2 per share, with a total value of £11,000.

Kendrick Resources Stock Up 2.4%

Shares of KEN stock opened at GBX 2.20 on Wednesday. Kendrick Resources PLC has a 52-week low of GBX 0.15 and a 52-week high of GBX 2.49. The stock has a market cap of £6.45 million, a price-to-earnings ratio of -1.63 and a beta of -1.19. The firm’s 50-day moving average is GBX 0.69 and its 200-day moving average is GBX 0.44. The company has a debt-to-equity ratio of 2.33, a quick ratio of 16.01 and a current ratio of 0.30.

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.