Kenmare Resources (LON:KMR) Reaches New 1-Year High at $475.00

Kenmare Resources plc (LON:KMR) reached a new 52-week high on Thursday . The company traded as high as GBX 475 ($6.21) and last traded at GBX 460 ($6.01), with a volume of 114859 shares. The stock had previously closed at GBX 435 ($5.68).

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 580 ($7.58) price target on shares of Kenmare Resources in a report on Thursday.

The company has a market capitalization of £504.79 million and a price-to-earnings ratio of 13.29. The company has a quick ratio of 2.05, a current ratio of 3.79 and a debt-to-equity ratio of 13.92. The stock has a fifty day moving average price of GBX 426.52 and a two-hundred day moving average price of GBX 430.94.

The firm also recently disclosed a dividend, which will be paid on Friday, October 22nd. Stockholders of record on Thursday, September 23rd will be given a $0.07 dividend. This represents a dividend yield of 1.23%. The ex-dividend date is Thursday, September 23rd. Kenmare Resources’s dividend payout ratio is currently 0.29%.

In other Kenmare Resources news, insider Michael Carvill acquired 20,000 shares of the stock in a transaction dated Thursday, September 9th. The stock was acquired at an average price of GBX 425 ($5.55) per share, with a total value of £85,000 ($111,053.04).

About Kenmare Resources (LON:KMR)

Kenmare Resources plc, together with its subsidiaries, produces and sells mineral sand products in China, Italy, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, zircon, and rutile; and concentrates, including secondary zircon and mineral sand concentrates.

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