Kendrick Resources (LON:KEN) Stock Price Down 13%

Kendrick Resources PLC (LON:KEN)’s share price fell 13% during trading on Thursday . The stock traded as low as GBX 1 ($0.01) and last traded at GBX 1 ($0.01). 3,150,473 shares traded hands during mid-day trading, an increase of 128% from the average session volume of 1,384,344 shares. The stock had previously closed at GBX 1.15 ($0.01).

Kendrick Resources Stock Performance

The stock has a market capitalization of £2.44 million, a PE ratio of -35.00 and a beta of -0.25. The company’s fifty day simple moving average is GBX 0.58 and its two-hundred day simple moving average is GBX 0.52.

Insider Buying and Selling

In related news, insider Colin Bird bought 1,750,000 shares of the stock in a transaction on 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 ($22,415.78). Insiders own 39.33% of the company’s stock.

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.