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

Shares of Kenmare Resources plc (LON:KMR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 330.88 ($4.30) and traded as high as GBX 429.50 ($5.58). Kenmare Resources shares last traded at GBX 429.50 ($5.58), with a volume of 136,888 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 350 ($4.55) target price on shares of Kenmare Resources in a research note on Thursday, March 6th.

Kenmare Resources Stock Performance

The firm’s 50 day moving average is GBX 321.49 and its 200 day moving average is GBX 331.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63. The stock has a market cap of £478.12 million, a P/E ratio of 6.09, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58.

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.