Kendrick Resources (LON:KEN) Sets New 1-Year High at $1.15

Kendrick Resources PLC (LON:KEN) hit a new 52-week high on Thursday . The stock traded as high as GBX 1.15 ($0.01) and last traded at GBX 1.10 ($0.01), with a volume of 5401848 shares changing hands. The stock had previously closed at GBX 1.05 ($0.01).

Kendrick Resources Price Performance

The stock has a market cap of £2.69 million, a price-to-earnings ratio of -35.00 and a beta of -0.25. The firm’s fifty day moving average price is GBX 0.45 and its two-hundred day moving average price is GBX 0.48.

Insiders Place Their Bets

In related news, insider Colin Bird acquired 1,750,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £17,500 ($22,199.67). Corporate insiders own 39.33% of the company’s stock.

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.