Kenmare Resources (LON:KMR) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Kenmare Resources plc (LON:KMR)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 330.88 ($4.30) and traded as high as GBX 429.50 ($5.58). Kenmare Resources shares last traded at GBX 429.50 ($5.58), with a volume of 136,888 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 350 ($4.55) price objective on shares of Kenmare Resources in a research note on Thursday, March 6th.

Kenmare Resources Stock Performance

The stock has a market capitalization of £474.81 million, a price-to-earnings ratio of 6.05, a PEG ratio of 0.03 and a beta of 0.58. The stock’s 50 day moving average is GBX 319 and its 200 day moving average is GBX 330.88. The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12.

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.