Kenmare Resources plc (OTCMKTS:KMRPF – Get Free Report)’s stock price rose 25.7% during mid-day trading on Friday. The company traded as high as $3.20 and last traded at $3.20. Approximately 666 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 1,640 shares. The stock had previously closed at $2.5450.
Kenmare Resources Stock Performance
The business’s 50 day moving average is $2.52 and its 200 day moving average is $2.77.
Kenmare Resources Company Profile
Kenmare Resources plc is an Ireland-based mining company focused on the exploration, development and operation of mineral-sands assets. Its principal operation is the Moma Titanium Minerals Mine in northern Mozambique, one of the world’s major sources of titanium feedstocks.
The Moma operation produces ilmenite, rutile and zircon, along with associated mineral-sands products. Ilmenite and rutile are primarily used in the manufacture of titanium dioxide, a pigment used in products such as paints, plastics and paper, while zircon is used in ceramics and other industrial applications.
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