Kenmare Resources (LON:KMR) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Kenmare Resources plc (LON:KMR - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 352.93 ($4.75) and traded as high as GBX 384.50 ($5.18). Kenmare Resources shares last traded at GBX 383 ($5.16), with a volume of 68,569 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 580 ($7.81) target price on shares of Kenmare Resources in a research report on Wednesday, March 26th.

Kenmare Resources Price Performance

The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is GBX 394.63 and its two-hundred day moving average price is GBX 353.56. The company has a market cap of £420.09 million, a P/E ratio of 5.35, a P/E/G ratio of 0.03 and a beta of 0.58.

Kenmare Resources Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 8th will be given a dividend of $0.17 per share. This represents a dividend yield of 3.1%. The ex-dividend date is Thursday, May 8th. This is an increase from Kenmare Resources's previous dividend of $0.15. Kenmare Resources's dividend payout ratio is currently 59.17%.

About Kenmare Resources

Kenmare Resources plc is one of the world's largest producers of titanium minerals. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma's production accounts for approximately 6% of global titanium feedstocks and the Company supplies to customers operating in more than 15 countries.