Kenmare Resources (LON:KMR) Reaches New 12-Month High – Here’s Why

Kenmare Resources plc (LON:KMR) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 450 ($5.81) and last traded at GBX 426 ($5.50), with a volume of 167930 shares traded. The stock had previously closed at GBX 427.50 ($5.52).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 350 ($4.52) price target on shares of Kenmare Resources in a research report on Thursday, March 6th.

Kenmare Resources Trading Down 0.4 %

The company has a market cap of £470.94 million, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.63 and a quick ratio of 1.22. The company has a 50-day moving average of GBX 328.46 and a 200 day moving average of GBX 333.30.

Kenmare Resources Company Profile

Kenmare Resources plc is an Ireland-based mining company. The Company operates the Moma Titanium Minerals Mine, located on the northeast coast of Mozambique. The Moma Mine contains deposits of heavy minerals, which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon.