Kenmare Resources plc (OTCMKTS:KMRPF – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 122 shares. Based on an average daily volume of 486 shares, the short-interest ratio is presently 0.3 days.
Kenmare Resources Price Performance
OTCMKTS:KMRPF remained flat at $3.20 during trading hours on Friday. The company has a 50 day moving average of $2.73 and a 200 day moving average of $2.97. Kenmare Resources has a fifty-two week low of $2.47 and a fifty-two week high of $4.49.
Kenmare Resources Company Profile
Kenmare Resources plc is an Ireland-based mining company focused on the exploration, development and operation of mineral-sands assets. Its principal operation is the Moma Titanium Minerals Mine in northern Mozambique, one of the world’s significant sources of titanium minerals.
The Moma mine produces ilmenite, rutile and zircon, which are used in products such as titanium dioxide pigment, welding electrodes, ceramics and foundry materials. The operation includes mining, mineral separation and processing facilities, as well as port infrastructure for exporting its products to international customers.
Kenmare acquired the Moma project in the late 1980s and began commercial production in the 2000s.
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