Kenmare Resources (OTCMKTS:KMRPF) Shares Up 1.8% – Still a Buy?

Shares of Kenmare Resources plc (OTCMKTS:KMRPF) were up 1.8% during mid-day trading on Tuesday . The stock traded as high as $3.12 and last traded at $3.12. Approximately 6,001 shares changed hands during mid-day trading, an increase of 88% from the average daily volume of 3,189 shares. The stock had previously closed at $3.0650.

Kenmare Resources Stock Performance

The business’s 50 day simple moving average is $3.46 and its two-hundred day simple moving average is $4.10.

Kenmare Resources Company Profile

Kenmare Resources plc is an Ireland‐based mining company primarily engaged in the extraction and processing of titanium‐bearing minerals. The company operates the Moma Titanium Minerals Mine in northern Mozambique, which is one of the largest rutile and rare earth‐bearing mineral sands deposits globally. Kenmare’s primary products include high‐grade ilmenite, rutile, and zircon, which are used as feedstocks for pigment, welding, foundry, ceramics, and refractory markets.

Kenmare began commercial production at the Moma operation in the mid‐2000s and has since developed an integrated supply chain that includes a mineral separation plant at the port of Nacala, a purpose‐built rail link, and modern shipping facilities.