Kenmare Resources (LON:KMR) Shares Pass Above 200 Day Moving Average of $440.17

Kenmare Resources plc (LON:KMRGet Rating)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 440.17 ($5.29) and traded as high as GBX 488.28 ($5.87). Kenmare Resources shares last traded at GBX 486.50 ($5.85), with a volume of 186,437 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price objective on Kenmare Resources from GBX 810 ($9.74) to GBX 710 ($8.54) and set a “buy” rating on the stock in a research note on Tuesday, November 29th.

Kenmare Resources Price Performance

The business has a 50-day simple moving average of GBX 470.12 and a two-hundred day simple moving average of GBX 440.17. The stock has a market capitalization of £461.79 million, a price-to-earnings ratio of 426.75, a P/E/G ratio of 0.03 and a beta of 0.49. The company has a quick ratio of 1.22, a current ratio of 2.77 and a debt-to-equity ratio of 9.80.

About Kenmare Resources

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Kenmare Resources plc, together with its subsidiaries, produces and sells mineral sand products in China, 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, zircon, and rutile; and concentrates, including secondary zircon and mineral sand concentrates.

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