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

Kenmare Resources plc (LON:KMR) shares rose 11.7% on Tuesday . The stock traded as high as GBX 257.50 and last traded at GBX 257.50. Approximately 109,329 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 131,808 shares. The stock had previously closed at GBX 230.50.

Analyst Upgrades and Downgrades

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

Kenmare Resources Stock Performance

The stock has a market capitalization of £227.71 million, a price-to-earnings ratio of -4.44, a P/E/G ratio of 0.03 and a beta of 0.58. The stock has a fifty day simple moving average of GBX 253.78 and a two-hundred day simple moving average of GBX 297.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63.

About Kenmare Resources