Kenmare Resources (LON:KMR) Hits New 12-Month High – Here’s What Happened

Kenmare Resources plc (LON:KMR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 425 ($5.50) and last traded at GBX 425.50 ($5.51), with a volume of 364312 shares traded. The stock had previously closed at GBX 402 ($5.20).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “hold” rating and set a GBX 350 ($4.53) price objective on shares of Kenmare Resources in a research report on Thursday, March 6th.

Kenmare Resources Trading Down 0.8 %

The firm has a 50-day moving average of GBX 310.68 and a two-hundred day moving average of GBX 328.71. The firm has a market capitalization of £474.25 million, a P/E ratio of 6.04, a P/E/G ratio of 0.03 and a beta of 0.58. 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.