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

Kenmare Resources plc (LON:KMR) was up 21.3% during mid-day trading on Tuesday. The company traded as high as GBX 262 and last traded at GBX 220. 791,217 shares changed 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 target price on Kenmare Resources from GBX 220 to GBX 210 and set a “hold” rating on the stock in a research note on Thursday, August 20th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 347.50.

Kenmare Resources Stock Up 21.3%

The company has a quick ratio of 1.22, a current ratio of 3.07 and a debt-to-equity ratio of 26.20. The stock has a market capitalization of £195.03 million, a PE ratio of -0.74, a PEG ratio of 0.03 and a beta of 0.67. The firm’s fifty day moving average is GBX 192.17 and its 200-day moving average is GBX 204.10.

About Kenmare Resources