Kenmare Resources (LON:KMR) Shares Pass Above 200-Day Moving Average of $326.43

Kenmare Resources plc (LON:KMR)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 326.43 ($4.20) and traded as high as GBX 343.50 ($4.42). Kenmare Resources shares last traded at GBX 337.50 ($4.34), with a volume of 133,555 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “hold” rating and set a GBX 420 ($5.40) price objective on shares of Kenmare Resources in a research report on Wednesday, July 17th.

Kenmare Resources Trading Down 4.0 %

The stock has a market cap of £289.11 million, a PE ratio of 300.00, a price-to-earnings-growth ratio of 0.03 and a beta of 0.41. The stock has a 50-day moving average price of GBX 332.18 and a two-hundred day moving average price of GBX 326.20. The company has a debt-to-equity ratio of 4.32, a current ratio of 4.04 and a quick ratio of 1.22.

About Kenmare Resources

Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, the rest of Asia, 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, rutile, and zircon; monazite; and concentrates, including secondary zircon and mineral sand concentrates.