Kendrick Resources (LON:KEN) Stock Price Down 9.7% – Should You Sell?

Shares of Kendrick Resources PLC (LON:KEN) traded down 9.7% on Thursday . The stock traded as low as GBX 2.80 and last traded at GBX 2.80. 1,724,777 shares traded hands during trading, a decline of 76% from the average session volume of 7,246,422 shares. The stock had previously closed at GBX 3.10.

Kendrick Resources Trading Down 14.5%

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 stock has a market capitalization of £8.86 million, a price-to-earnings ratio of -1.96 and a beta of 1.37. The company’s 50-day moving average is GBX 1.40 and its 200-day moving average is GBX 0.68.

Insider Transactions at Kendrick Resources

In other Kendrick Resources news, insider Evan Kirby purchased 1,012,500 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average price of GBX 2 per share, with a total value of £20,250. Also, insider Colin Bird acquired 6,400,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average cost of GBX 2 per share, with a total value of £128,000. Insiders acquired a total of 14,422,330 shares of company stock valued at $26,358,530 in the last ninety days. 19.00% of the stock is currently owned by corporate insiders.

About Kendrick Resources

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.