Kenmare Resources (LON:KMR) Trading Up 11.7% – Here’s What Happened

Kenmare Resources plc (LON:KMR) traded up 11.7% on Tuesday . The company traded as high as GBX 257.50 and last traded at GBX 257.50. 109,329 shares were traded during trading, a decline of 17% from the average session volume of 131,808 shares. The stock had previously closed at GBX 230.50.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Berenberg Bank dropped their price target on Kenmare Resources from GBX 330 to GBX 300 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Peel Hunt reiterated a “buy” rating and issued a GBX 485 target price on shares of Kenmare Resources in a report on Tuesday, November 18th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Kenmare Resources currently has an average rating of “Moderate Buy” and an average price target of GBX 392.50.

Kenmare Resources Stock Performance

The firm has a market capitalization of £227.71 million, a price-to-earnings ratio of -4.44, a PEG ratio of 0.03 and a beta of 0.58. The stock has a fifty day moving average price of GBX 253.78 and a 200-day moving average price of GBX 297.47. 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 Company Profile