Kenmare Resources plc (OTCMKTS:KMRPF – Get Free Report) shares shot up 0.9% on Friday . The company traded as high as $3.51 and last traded at $3.51. 1,800 shares changed hands during trading, an increase of 26% from the average session volume of 1,425 shares. The stock had previously closed at $3.48.
Kenmare Resources Stock Performance
The company’s 50 day moving average price is $3.42 and its 200-day moving average price is $3.83.
About Kenmare Resources
Kenmare Resources plc is an Ireland‐based mining company primarily engaged in the extraction and processing of titanium‐bearing minerals. The company operates the Moma Titanium Minerals Mine in northern Mozambique, which is one of the largest rutile and rare earth‐bearing mineral sands deposits globally. Kenmare’s primary products include high‐grade ilmenite, rutile, and zircon, which are used as feedstocks for pigment, welding, foundry, ceramics, and refractory markets.
Kenmare began commercial production at the Moma operation in the mid‐2000s and has since developed an integrated supply chain that includes a mineral separation plant at the port of Nacala, a purpose‐built rail link, and modern shipping facilities.
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