Kenmare Resources (LON:KMR) Hits New 1-Year High – Here’s What Happened

Shares of Kenmare Resources plc (LON:KMR) hit a new 52-week high on Friday . The stock traded as high as GBX 450 ($5.84) and last traded at GBX 426 ($5.52), with a volume of 167930 shares trading hands. The stock had previously closed at GBX 427.50 ($5.54).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 350 ($4.54) price target on shares of Kenmare Resources in a research note on Thursday, March 6th.

Kenmare Resources Price Performance

The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The company has a market capitalization of £470.94 million, a PE ratio of 6.00, a PEG ratio of 0.03 and a beta of 0.58. The company’s 50 day moving average price is GBX 326.15 and its 200-day moving average price is GBX 332.76.

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.