Kendrick Resources PLC (LON:KEN – Get Free Report) shares fell 8.5% during mid-day trading on Wednesday . The company traded as low as GBX 2.82 and last traded at GBX 2.84. 172,018 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 5,629,973 shares. The stock had previously closed at GBX 3.10.
Kendrick Resources Price Performance
The business has a fifty day moving average price of GBX 2.46 and a 200-day moving average price of GBX 1.10. The company has a current ratio of 0.07, a quick ratio of 16.01 and a debt-to-equity ratio of 19.10. The stock has a market capitalization of £10.08 million, a PE ratio of -2.23 and a beta of 1.19.
Insider Activity at Kendrick Resources
In related news, insider Martyn John Churchouse bought 2,136,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average cost of GBX 2 per share, for a total transaction of £42,724. Also, insider Kjeld Thygesen bought 1,837,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average price of GBX 2 per share, with a total value of £36,750. Insiders bought a total of 14,422,330 shares of company stock worth $26,358,530 over the last three months. Corporate insiders own 19.00% of the company’s stock.
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.
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