Kenmare Resources plc (OTCMKTS:KMRPF – Get Free Report) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 8 shares, a decrease of 90.6% from the June 15th total of 85 shares. Based on an average trading volume of 350 shares, the days-to-cover ratio is presently 0.0 days.
Kenmare Resources Price Performance
KMRPF remained flat at $2.58 on Friday. The company’s 50 day moving average is $3.02 and its 200 day moving average is $3.20. Kenmare Resources has a 12 month low of $2.55 and a 12 month high of $4.51.
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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