Kenmare Resources (LON:KMR) Shares Cross Above 200 Day Moving Average - Should You Sell?

Kenmare Resources plc (LON:KMR - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 340.34 ($4.49) and traded as high as GBX 384.59 ($5.07). Kenmare Resources shares last traded at GBX 382.50 ($5.04), with a volume of 76,462 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 580 ($7.65) price objective on shares of Kenmare Resources in a research note on Wednesday, March 26th.

Kenmare Resources Trading Down 0.8 %

The firm has a market cap of £436.67 million, a PE ratio of 5.56, a PEG ratio of 0.03 and a beta of 0.58. The firm has a fifty day simple moving average of GBX 358.42 and a two-hundred day simple moving average of GBX 340.86. The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12.

Kenmare Resources Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 8th will be paid a $0.17 dividend. This is an increase from Kenmare Resources's previous dividend of $0.15. This represents a yield of 3.1%. The ex-dividend date is Thursday, May 8th. Kenmare Resources's dividend payout ratio is presently 59.17%.

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.