Kenmare Resources (KMR) Reaches New 1-Year Low at $195.00
Shares of Kenmare Resources plc (LON:KMR) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 195 ($2.55) and last traded at GBX 195 ($2.55), with a volume of 4613 shares changing hands. The stock had previously closed at GBX 196 ($2.56).
Several analysts have issued reports on the company. Peel Hunt boosted their price target on Kenmare Resources from GBX 370 ($4.83) to GBX 400 ($5.23) and gave the company a “buy” rating in a report on Friday, August 31st. Canaccord Genuity reissued a “buy” rating and set a GBX 475 ($6.21) price target on shares of Kenmare Resources in a report on Wednesday, August 15th.
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About Kenmare Resources (LON:KMR)
Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, the United States, and internationally. The company operates the Moma titanium minerals mine located on the north east coast of Mozambique that contains approximately 200 million tonnes of ilmenite and associated co-products.
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