Insider Buying: Kendrick Resources (LON:KEN) Insider Buys 2,136,200 Shares of Stock

Kendrick Resources PLC (LON:KEN) insider Martyn John Churchouse purchased 2,136,200 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were bought at an average cost of GBX 2 per share, for a total transaction of £42,724.

Martyn John Churchouse also recently made the following trade(s):

• On Wednesday, January 28th, Martyn John Churchouse purchased 2,486,130 shares of Kendrick Resources stock. The stock was bought at an average price of GBX 1 per share, with a total value of £24,861.30.

Kendrick Resources Stock Up 2.4%

Shares of Kendrick Resources stock opened at GBX 2.20 on Wednesday. Kendrick Resources PLC has a twelve month low of GBX 0.15 and a twelve month high of GBX 2.49. The company has a quick ratio of 16.01, a current ratio of 0.30 and a debt-to-equity ratio of 2.33. The company’s 50 day moving average is GBX 0.69 and its 200 day moving average is GBX 0.44. The company has a market cap of £6.45 million, a price-to-earnings ratio of -1.63 and a beta of -1.19.

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.