Kenmare Resources (LON:KMR) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Kenmare Resources plc (LON:KMR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 335.63 ($4.37) and traded as high as GBX 359 ($4.67). Kenmare Resources shares last traded at GBX 352 ($4.58), with a volume of 23,276 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 420 ($5.47) price objective on shares of Kenmare Resources in a report on Tuesday, August 13th.

Kenmare Resources Stock Performance

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 firm has a market capitalization of £305.17 million, a price-to-earnings ratio of 507.25, a PEG ratio of 0.03 and a beta of 0.58. The firm’s fifty day moving average is GBX 336.52 and its 200 day moving average is GBX 335.73.

Kenmare Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 19th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 3.57%. Kenmare Resources’s payout ratio is 6,086.96%.

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.