Kendrick Resources (LON:KEN) Hits New 52-Week High – Time to Buy?

Kendrick Resources PLC (LON:KEN)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 3.98 and last traded at GBX 3.75, with a volume of 30183686 shares changing hands. The stock had previously closed at GBX 3.15.

Kendrick Resources Price Performance

The stock has a market capitalization of £13.99 million, a price-to-earnings ratio of -4.12 and a beta of 1.08. The business’s 50 day simple moving average is GBX 2.68 and its 200-day simple moving average is GBX 1.27. The company has a debt-to-equity ratio of -21.25, a quick ratio of 16.01 and a current ratio of 0.04.

Kendrick Resources (LON:KEN) last posted its quarterly earnings data 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 Buying and Selling

In related news, insider Martyn John Churchouse purchased 2,136,200 shares of Kendrick Resources stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of GBX 2 per share, with a total value of £42,724. Also, insider Alex Borrelli purchased 550,000 shares of Kendrick Resources stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of GBX 2 per share, with a total value of £11,000. In the last quarter, insiders acquired 11,936,200 shares of company stock worth $23,872,400. Company 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.