Kendrick Resources (LON:KEN) Reaches New 52-Week High – Here’s Why

Kendrick Resources PLC (LON:KEN)’s stock price hit a new 52-week high on Friday . The company traded as high as GBX 8.85 and last traded at GBX 7.73, with a volume of 28457518 shares traded. The stock had previously closed at GBX 7.38.

Kendrick Resources Stock Performance

The stock has a market cap of £28.84 million, a price-to-earnings ratio of -8.49 and a beta of 1.08. The stock’s 50 day moving average is GBX 3.02 and its two-hundred day moving average is GBX 1.46. The company has a current ratio of 0.04, a quick ratio of 16.01 and a debt-to-equity ratio of -21.25.

Kendrick Resources (LON:KEN) last issued its quarterly earnings results on Wednesday, April 29th. The company reported GBX (0.91) earnings per share for the quarter. Kendrick Resources had a positive return on equity of 9,279.39% and a negative net margin of 227,572.12%.

Insider Activity

In other news, insider Evan Kirby bought 1,012,500 shares of Kendrick Resources stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of GBX 2 per share, for a total transaction of £20,250. Also, insider Alex Borrelli bought 550,000 shares of Kendrick Resources stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average price of GBX 2 per share, with a total value of £11,000. Insiders have acquired 11,936,200 shares of company stock worth $23,872,400 over the last 90 days. 19.00% of the stock is owned by corporate 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.