Kendrick Resources (LON:KEN) Hits New 12-Month High – Still a Buy?

Kendrick Resources PLC (LON:KEN)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 3.44 and last traded at GBX 3.23, with a volume of 10512785 shares trading hands. The stock had previously closed at GBX 2.90.

Kendrick Resources Stock Up 11.3%

The company has a quick ratio of 16.01, a current ratio of 0.07 and a debt-to-equity ratio of 19.10. The business has a 50-day simple moving average of GBX 1.28 and a 200-day simple moving average of GBX 0.64. The company has a market cap of £10.79 million, a PE ratio of -2.39 and a beta of 1.37.

Insider Buying and Selling

In related news, insider Alex Borrelli acquired 550,000 shares of Kendrick Resources stock in a transaction on Tuesday, February 24th. The stock was bought at an average cost of GBX 2 per share, for a total transaction of £11,000. Also, insider Colin Bird acquired 6,400,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were bought at an average cost of GBX 2 per share, for a total transaction of £128,000. Insiders have bought 14,422,330 shares of company stock worth $26,358,530 in the last 90 days. 19.00% of the stock is owned by insiders.

Kendrick Resources Company Profile

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.