Kenmare Resources (LON:KMR) Hits New 1-Year High – Here’s Why

Kenmare Resources plc (LON:KMR)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 425 ($5.49) and last traded at GBX 425.50 ($5.50), with a volume of 364312 shares. The stock had previously closed at GBX 402 ($5.20).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 350 ($4.52) price objective on shares of Kenmare Resources in a report on Thursday.

Kenmare Resources Trading Up 5.8 %

The company has a market cap of £470.38 million, a P/E ratio of 5.99, a P/E/G ratio of 0.03 and a beta of 0.58. The business’s 50-day moving average price is GBX 306.09 and its 200 day moving average price is GBX 327.62. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63.

About Kenmare Resources

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.