Kendrick Resources (LON:KEN) Reaches New 52-Week High on Insider Buying Activity

Kendrick Resources PLC (LON:KEN) shares reached a new 52-week high during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 0.95 ($0.01) and last traded at GBX 0.90 ($0.01), with a volume of 10888779 shares traded. The stock had previously closed at GBX 0.80 ($0.01).

Specifically, insider Colin Bird purchased 1,750,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was bought at an average cost of GBX 1 ($0.01) per share, with a total value of £17,500 ($22,236.34). 39.33% of the stock is currently owned by corporate insiders.

Kendrick Resources Price Performance

The company’s 50-day moving average price is GBX 0.38 and its 200-day moving average price is GBX 0.46. The company has a market cap of £2.19 million, a P/E ratio of -35.00 and a beta of -0.25.

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.