Alex Borrelli Acquires 550,000 Shares of Kendrick Resources (LON:KEN) Stock

Key Points

  • Alex Borrelli bought 550,000 shares of Kendrick Resources on Feb. 24 at an average price of GBX 2 per share, a transaction valued at £11,000.
  • Shares were trading up about 9.8%, opening at GBX 2.36; the company has a market cap of £6.92 million and a negative P/E of -1.75.
  • Kendrick Resources explores for nickel, cobalt, copper and vanadium with projects located in Sweden and Finland.

Kendrick Resources PLC (LON:KEN - Get Free Report) insider Alex Borrelli acquired 550,000 shares of Kendrick Resources stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average price of GBX 2 per share, with a total value of £11,000.

Kendrick Resources Trading Up 9.8%

LON:KEN opened at GBX 2.36 on Thursday. The company has a market cap of £6.92 million, a P/E ratio of -1.75 and a beta of -1.19. The stock's fifty day moving average price is GBX 0.74 and its two-hundred day moving average price is GBX 0.45. Kendrick Resources PLC has a 1 year low of GBX 0.15 and a 1 year high of GBX 2.64. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.30 and a quick ratio of 16.01.

About Kendrick Resources

(Get Free Report)

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.

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