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

Kenmare Resources plc (LON:KMR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

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

Kenmare Resources Stock Performance

The company has a quick ratio of 1.22, a current ratio of 4.04 and a debt-to-equity ratio of 4.32. The stock has a market cap of £289.11 million, a P/E ratio of 300.00, a PEG ratio of 0.03 and a beta of 0.41. The stock has a fifty day simple moving average of GBX 332.18 and a 200-day simple moving average of GBX 326.20.

Kenmare Resources Company Profile

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.