Kenmare Resources plc’s (KMR) “Buy” Rating Reiterated at Canaccord Genuity

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 (LON KMR) traded up 0.10% during mid-day trading on Wednesday, hitting GBX 250.00. 87 shares of the stock were exchanged. Kenmare Resources plc has a 52-week low of GBX 205.00 and a 52-week high of GBX 366.25. The stock’s 50 day moving average is GBX 260.48 and its 200 day moving average is GBX 282.14. The stock’s market cap is GBX 274.00 million.

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In other Kenmare Resources plc news, insider Graham Martin purchased 18,090 shares of the stock in a transaction dated 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).

Kenmare Resources plc Company Profile

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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