Kenmare Resources (LON:KMR) Reaches New 1-Year Low – Here’s Why

Kenmare Resources plc (LON:KMR – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 178.40 and last traded at GBX 185, with a volume of 592380 shares traded. The stock had previously closed at GBX 198.80.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 220 price objective on shares of Kenmare Resources in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Kenmare Resources currently has an average rating of “Moderate Buy” and an average price target of GBX 352.50.

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Kenmare Resources Trading Down 6.9%

The company has a debt-to-equity ratio of 25.24, a current ratio of 3.24 and a quick ratio of 1.22. The company has a market capitalization of £164.00 million, a price-to-earnings ratio of -0.51, a price-to-earnings-growth ratio of 0.03 and a beta of 0.67. The business’s 50 day simple moving average is GBX 221.06 and its 200 day simple moving average is GBX 235.14.

Kenmare Resources Company Profile

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