Kenmare Resources (LON:KMR) Trading Down 1.7% - Should You Sell?

Kenmare Resources plc (LON:KMR - Get Free Report) shares fell 1.7% during mid-day trading on Monday . The stock traded as low as GBX 346 ($4.42) and last traded at GBX 347.50 ($4.44). 252,378 shares were traded during trading, an increase of 66% from the average session volume of 152,469 shares. The stock had previously closed at GBX 353.50 ($4.52).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 420 ($5.37) target price on shares of Kenmare Resources in a report on Tuesday, August 13th.

Kenmare Resources Stock Down 1.9 %

The firm has a market cap of £304.27 million, a P/E ratio of 494.20, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The company has a quick ratio of 1.22, a current ratio of 5.63 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of GBX 343.97 and a 200-day moving average of GBX 337.55.

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.