Kenmare Resources (LON:KMR) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Kenmare Resources plc (LON:KMR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 335.84 ($4.23) and traded as high as GBX 347.50 ($4.38). Kenmare Resources shares last traded at GBX 340 ($4.28), with a volume of 39,676 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “hold” rating and set a GBX 420 ($5.29) price objective on shares of Kenmare Resources in a research report on Tuesday, August 13th.

Kenmare Resources Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63. The company has a market cap of £303.38 million, a price-to-earnings ratio of 492.75, a PEG ratio of 0.03 and a beta of 0.58. The business has a fifty day moving average price of GBX 336.27 and a 200 day moving average price of GBX 335.90.

Kenmare Resources Company Profile

Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, the rest of Asia, Europe, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, rutile, and zircon; monazite; and concentrates, including secondary zircon and mineral sand concentrates.