Kenmare Resources plc (OTCMKTS:KMRPF – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 122 shares. Based on an average daily volume of 486 shares, the days-to-cover ratio is currently 0.3 days.
Kenmare Resources Price Performance
Shares of OTCMKTS:KMRPF remained flat at $3.20 during mid-day trading on Friday. The business’s 50 day moving average price is $2.73 and its 200-day moving average price is $2.97. Kenmare Resources has a 12-month low of $2.47 and a 12-month high of $4.49.
About Kenmare Resources
Kenmare Resources plc is an Ireland-based mining company focused on the exploration, development and operation of mineral-sands assets. Its principal operation is the Moma Titanium Minerals Mine in northern Mozambique, one of the world’s significant sources of titanium minerals.
The Moma mine produces ilmenite, rutile and zircon, which are used in products such as titanium dioxide pigment, welding electrodes, ceramics and foundry materials. The operation includes mining, mineral separation and processing facilities, as well as port infrastructure for exporting its products to international customers.
Kenmare acquired the Moma project in the late 1980s and began commercial production in the 2000s.
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