Kenmare Resources (LON:KMR) Share Price Passes 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 Tuesday . The stock has a two hundred day moving average of GBX 274.57 and traded as high as GBX 284. Kenmare Resources shares last traded at GBX 272.50, with a volume of 94,233 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KMR shares. Peel Hunt restated a “buy” rating and issued a GBX 485 price objective on shares of Kenmare Resources in a report on Tuesday, November 18th. Berenberg Bank cut their price target on shares of Kenmare Resources from GBX 290 to GBX 280 and set a “hold” rating for the company in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Kenmare Resources has an average rating of “Moderate Buy” and an average target price of GBX 382.50.

Kenmare Resources Trading Down 0.7%

The company has a current ratio of 6.16, a quick ratio of 1.22 and a debt-to-equity ratio of 12.31. The stock has a market cap of £237.88 million, a price-to-earnings ratio of -4.64, a P/E/G ratio of 0.03 and a beta of 0.58. The company has a fifty day simple moving average of GBX 257.34 and a 200-day simple moving average of GBX 274.57.

Kenmare Resources Company Profile