Canaccord Genuity Reaffirms Buy Rating for Kenmare Resources plc (KMR)
Kenmare Resources plc (LON:KMR)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity in a research report issued on Wednesday, July 12th.
Kenmare Resources plc (KMR) opened at 249.75 on Wednesday. The company’s market cap is GBX 273.73 million. Kenmare Resources plc has a 12-month low of GBX 205.00 and a 12-month high of GBX 366.25. The firm’s 50-day moving average price is GBX 260.77 and its 200-day moving average price is GBX 282.37.
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In related news, insider Graham Martin acquired 18,090 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of GBX 273 ($3.56) per share, with a total value of £49,385.70 ($64,489.03).
About Kenmare Resources plc
Kenmare Resources plc (Kenmare) is a mining company. The Company and its subsidiaries are engaged in the operation and further development of the Moma Titanium Minerals Mine, which is located in northern coast of Mozambique. The Moma Mine contains deposits of heavy minerals, such as the titanium minerals, including ilmenite and rutile, as well as zirconium silicate mineral, zircon.
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