Kendrick Resources (LON:KEN) Sets New 52-Week High – Should You Buy?

Kendrick Resources PLC (LON:KEN)’s stock price reached 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 trading hands. The stock had previously closed at GBX 7.38.

Kendrick Resources Price Performance

The firm has a market cap of £28.84 million, a price-to-earnings ratio of -8.49 and a beta of 1.08. The stock has a 50-day moving average of GBX 3.12 and a two-hundred day moving average of GBX 1.51. 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 earnings results on Wednesday, April 29th. The company reported GBX (0.91) EPS for the quarter. Kendrick Resources had a positive return on equity of 9,279.39% and a negative net margin of 227,572.12%.

Insiders Place Their Bets

In other Kendrick Resources news, insider Alex Borrelli bought 550,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was acquired at an average price of GBX 2 per share, with a total value of £11,000. Also, insider Martyn John Churchouse bought 2,136,200 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was acquired at an average cost of GBX 2 per share, with a total value of £42,724. Insiders have acquired a total of 11,936,200 shares of company stock valued at $23,872,400 over the last quarter. 19.00% 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.