Kenmare Resources (LON:KMR) Sets New 12-Month High - Still a Buy?

Kenmare Resources plc (LON:KMR - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 450 ($5.81) and last traded at GBX 426 ($5.50), with a volume of 167930 shares trading hands. The stock had previously closed at GBX 427.50 ($5.52).

Analyst Ratings Changes

Separately, Berenberg Bank restated a "hold" rating and issued a GBX 350 ($4.52) target price on shares of Kenmare Resources in a report on Thursday, March 6th.

Kenmare Resources Trading Down 0.7 %

The firm has a market capitalization of £464.86 million, a PE ratio of 5.92, a P/E/G ratio of 0.03 and a beta of 0.58. The firm has a fifty day moving average of GBX 330.57 and a 200 day moving average of GBX 333.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63.

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.