Kendrick Resources (LON:KEN) Trading Up 9.8% – Here’s Why

Kendrick Resources PLC (LON:KEN)’s share price was up 9.8% during mid-day trading on Thursday . The stock traded as high as GBX 2.79 and last traded at GBX 2.79. Approximately 1,340,340 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 5,165,124 shares. The stock had previously closed at GBX 2.54.

Kendrick Resources Stock Performance

The firm has a 50 day moving average of GBX 2.68 and a 200-day moving average of GBX 1.27. The stock has a market capitalization of £13.99 million, a PE ratio of -4.12 and a beta of 1.08. 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 announced its quarterly earnings data on Wednesday, April 29th. The company reported GBX (0.91) earnings per share (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%.

Insider Transactions at Kendrick Resources

In other Kendrick Resources news, insider Alex Borrelli acquired 550,000 shares of Kendrick Resources stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average cost of GBX 2 per share, with a total value of £11,000. Also, insider Evan Kirby acquired 1,012,500 shares of Kendrick Resources stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average cost of GBX 2 per share, with a total value of £20,250. In the last 90 days, insiders bought 11,936,200 shares of company stock worth $23,872,400. 19.00% of the stock is currently owned by company 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.