Kendrick Resources (LON:KEN) Trading Down 10.5% – What’s Next?

Kendrick Resources PLC (LON:KEN)’s stock price was down 10.5% on Tuesday . The company traded as low as GBX 1.66 and last traded at GBX 1.66. Approximately 10,952,549 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 8,644,118 shares. The stock had previously closed at GBX 1.85.

Kendrick Resources Trading Down 11.9%

The firm has a market cap of £4.78 million, a P/E ratio of -1.21 and a beta of -1.19. The company has a current ratio of 0.30, a quick ratio of 16.01 and a debt-to-equity ratio of 2.33. The company’s fifty day moving average price is GBX 0.49 and its two-hundred day moving average price is GBX 0.37.

Insider Activity at Kendrick Resources

In other Kendrick Resources news, insider Martyn John Churchouse purchased 2,486,130 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were acquired at an average cost of GBX 1 per share, for a total transaction of £24,861.30. 20.98% 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.