Kenmare Resources plc (KMR) Receives “Buy” Rating from Canaccord Genuity
Kenmare Resources plc (LON:KMR)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday, July 12th.
Shares of Kenmare Resources plc (KMR) traded down 0.78% during trading on Wednesday, reaching GBX 255.00. The company’s stock had a trading volume of 3,554 shares. The stock’s market cap is GBX 279.48 million. The company has a 50-day moving average price of GBX 261.61 and a 200-day moving average price of GBX 282.60. Kenmare Resources plc has a one year low of GBX 205.00 and a one year high of GBX 366.25.
In related news, insider Graham Martin acquired 18,090 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average price 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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