Kenmare Resources plc (OTCMKTS:KMRPF – Get Free Report) fell 10.6% on Thursday . The stock traded as low as $2.77 and last traded at $2.77. 875 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,948 shares. The stock had previously closed at $3.10.
Kenmare Resources Price Performance
The business’s 50-day moving average price is $3.14 and its 200 day moving average price is $3.28.
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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