Kenmare Resources (LON:KMR) Shares Down 1.7% – What’s Next?

Kenmare Resources plc (LON:KMR)’s stock price was down 1.7% on Monday . The stock traded as low as GBX 346 ($4.41) and last traded at GBX 347.50 ($4.43). Approximately 252,378 shares changed hands during mid-day trading, an increase of 66% from the average daily volume of 152,469 shares. The stock had previously closed at GBX 353.50 ($4.51).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 420 ($5.35) price target on shares of Kenmare Resources in a report on Tuesday, August 13th.

Kenmare Resources Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 5.63 and a quick ratio of 1.22. The company has a 50-day simple moving average of GBX 343.97 and a 200-day simple moving average of GBX 337.55. The stock has a market cap of £310.07 million, a PE ratio of 503.62, a PEG ratio of 0.03 and a beta of 0.58.

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.