Kenmare Resources (LON:KMR) Shares Up 9.1% – Here’s What Happened

Kenmare Resources plc (LON:KMR) shares shot up 9.1% during mid-day trading on Tuesday . The stock traded as high as GBX 224 and last traded at GBX 222.50. 178,468 shares were traded during mid-day trading, a decline of 88% from the average session volume of 1,468,473 shares. The stock had previously closed at GBX 204.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their target price on shares of Kenmare Resources from GBX 290 to GBX 280 and set a “hold” rating for the company in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 382.50.

Kenmare Resources Price Performance

The stock has a 50 day moving average of GBX 250.94 and a two-hundred day moving average of GBX 264.40. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.22 and a current ratio of 6.16. The stock has a market cap of £179.52 million, a PE ratio of -3.50, a PEG ratio of 0.03 and a beta of 0.49.

About Kenmare Resources