Kenmare Resources (LON:KMR) Share Price Passes Above 200-Day Moving Average of $219.51

Kenmare Resources plc (LON:KMR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $219.51 and traded as high as $225.00. Kenmare Resources shares last traded at $225.00, with a volume of 16,005 shares trading hands.

Several research firms have recently weighed in on KMR. Peel Hunt reissued a “buy” rating and set a GBX 450 ($5.88) price target on shares of Kenmare Resources in a report on Wednesday, October 16th. Berenberg Bank cut their price objective on Kenmare Resources from GBX 400 ($5.23) to GBX 380 ($4.97) and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Peel Hunt reiterated a “buy” rating on shares of Kenmare Resources in a research report on Friday, November 29th.

The stock has a market capitalization of $246.60 million and a PE ratio of 5.36. The stock’s 50 day moving average price is GBX 233.50 and its 200-day moving average price is GBX 219.64. The company has a quick ratio of 2.20, a current ratio of 3.45 and a debt-to-equity ratio of 9.01.

Kenmare Resources Company Profile (LON:KMR)

Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, the United States, and internationally. The company operates the Moma Titanium Minerals Mine located on the north east coast of Mozambique that contains heavy mineral reserves, such as ilmenite and rutile titanium minerals primarily used to produce titanium dioxide pigment, as well as zircon.

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