Kenmare Resources (LON:KMR) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Kenmare Resources plc (LON:KMR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 335.84 ($4.23) and traded as high as GBX 347.50 ($4.38). Kenmare Resources shares last traded at GBX 340 ($4.28), with a volume of 39,676 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “hold” rating and set a GBX 420 ($5.29) target price on shares of Kenmare Resources in a report on Tuesday, August 13th.

Kenmare Resources Stock Up 3.3 %

The stock has a fifty day moving average of GBX 336.01 and a 200-day moving average of GBX 335.84. The firm has a market capitalization of £303.38 million, a price-to-earnings ratio of 492.75, a PEG ratio of 0.03 and a beta of 0.58. The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12.

About Kenmare Resources

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.