Kenmare Resources (LON:KMR) Hits New 12-Month Low at $177.50

Shares of Kenmare Resources plc (LON:KMR) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 177.50 ($2.32) and last traded at GBX 178.50 ($2.33), with a volume of 36476 shares changing hands. The stock had previously closed at GBX 180 ($2.35).

KMR has been the topic of several analyst reports. Peel Hunt restated a “buy” rating on shares of Kenmare Resources in a research report on Friday, May 3rd. Berenberg Bank raised their target price on Kenmare Resources from GBX 380 ($4.97) to GBX 400 ($5.23) and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, Canaccord Genuity increased their price target on Kenmare Resources from GBX 475 ($6.21) to GBX 485 ($6.34) and gave the company a “buy” rating in a research note on Thursday, February 28th.

The company has a quick ratio of 2.47, a current ratio of 3.72 and a debt-to-equity ratio of 9.84. The company has a market cap of $195.64 million and a PE ratio of 3.88.

In other news, insider Tony McCluskey purchased 8,858 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was purchased at an average cost of GBX 189 ($2.47) per share, with a total value of £16,741.62 ($21,875.89). Also, insider Gabriel Smith purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were purchased at an average cost of GBX 206 ($2.69) per share, with a total value of £20,600 ($26,917.55).

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Kenmare Resources Company Profile (LON:KMR)

Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, the United States, and internationally. The company operates the Moma Titanium Minerals Mine located on the north east coast of Mozambique that contains heavy mineral reserves, such as ilmenite and rutile titanium minerals primarily used to produce titanium dioxide pigment, as well as zircon.

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