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Kenmare Resources (LON:KMR) Share Price Passes Above 200-Day Moving Average - Here's Why

Kenmare Resources logo with Basic Materials background

Shares of Kenmare Resources plc (LON:KMR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 336.56 ($4.28) and traded as high as GBX 340.93 ($4.33). Kenmare Resources shares last traded at GBX 320 ($4.07), with a volume of 77,449 shares changing hands.

Kenmare Resources Price Performance

The company has a market capitalization of £296.24 million, a P/E ratio of 463.77, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The business's 50-day moving average is GBX 344.30 and its two-hundred day moving average is GBX 336.56. The company has a quick ratio of 1.22, a current ratio of 5.63 and a debt-to-equity ratio of 0.12.

Kenmare Resources Company Profile

(Get Free Report)

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.

Further Reading

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