Kenmare Resources (LON:KMR) Hits New 1-Year Low – Time to Sell?

Kenmare Resources plc (LON:KMR) hit a new 52-week low on Monday . The stock traded as low as GBX 192.40 and last traded at GBX 222.50, with a volume of 178468 shares. The stock had previously closed at GBX 204.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their price objective on shares of Kenmare Resources from GBX 290 to GBX 280 and set a “hold” rating on the stock in a research note 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 382.50.

Kenmare Resources Price Performance

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 company has a 50-day simple moving average of GBX 253.32 and a 200-day simple moving average of GBX 266.20. The company has a market cap of £196.76 million, a price-to-earnings ratio of -3.84, a PEG ratio of 0.03 and a beta of 0.49.

Kenmare Resources Company Profile