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

Kenmare Resources plc (LON:KMR)’s share 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.

Analyst Upgrades and Downgrades

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

Kenmare Resources Stock Performance

The firm has a market capitalization of £474.81 million, a PE ratio of 6.05, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63. The company’s fifty day moving average price is GBX 319 and its two-hundred day moving average price is GBX 330.88.

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.