Kenmare Resources (LON:KMR) Stock Price Up 21.3% – Here’s What Happened

Kenmare Resources plc (LON:KMR) traded up 21.3% on Tuesday. The stock traded as high as GBX 262 and last traded at GBX 220. 791,217 shares traded hands during trading, an increase of 52% from the average daily volume of 518,947 shares. The stock had previously closed at GBX 181.40.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price target on Kenmare Resources from GBX 220 to GBX 210 and set a “hold” rating for the company in a report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 347.50.

Kenmare Resources Price Performance

The firm has a market capitalization of £195.03 million, a price-to-earnings ratio of -0.74, a P/E/G ratio of 0.03 and a beta of 0.67. The company has a fifty day moving average price of GBX 192.17 and a two-hundred day moving average price of GBX 204.10. The company has a quick ratio of 1.22, a current ratio of 3.07 and a debt-to-equity ratio of 26.20.

About Kenmare Resources