Kenmare Resources (LON:KMR) Share Price Crosses Above 200 Day Moving Average of $0.00
Kenmare Resources plc (LON:KMR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $220.00. Kenmare Resources shares last traded at $215.00, with a volume of 126,399 shares changing hands.
A number of brokerages recently issued reports on KMR. Peel Hunt reduced their price target on Biffa from GBX 264 ($3.45) to GBX 252 ($3.29) and set a “buy” rating on the stock in a report on Wednesday, July 10th. Berenberg Bank restated a “hold” rating and set a GBX 900 ($11.76) price target on shares of WPP in a report on Friday, July 12th.
The stock’s 50-day moving average is GBX 190.26. The company has a debt-to-equity ratio of 9.84, a current ratio of 3.72 and a quick ratio of 2.47. The stock has a market capitalization of $236.74 million and a price-to-earnings ratio of 4.70.
About Kenmare Resources (LON:KMR)
Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, the United States, and internationally. The company operates the Moma Titanium Minerals Mine located on the north east coast of Mozambique that contains heavy mineral reserves, such as ilmenite and rutile titanium minerals primarily used to produce titanium dioxide pigment, as well as zircon.
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