Kenmare Resources plc (KMR) Insider Acquires £16,741.62 in Stock

Kenmare Resources plc (LON:KMR) insider Tony McCluskey bought 8,858 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was purchased at an average price of GBX 189 ($2.47) per share, with a total value of £16,741.62 ($21,875.89).

Kenmare Resources stock opened at GBX 200 ($2.61) on Monday. The company has a quick ratio of 2.47, a current ratio of 3.72 and a debt-to-equity ratio of 9.84. The stock has a market capitalization of $219.20 million and a price-to-earnings ratio of 4.35. Kenmare Resources plc has a 12 month low of GBX 182 ($2.38) and a 12 month high of GBX 264 ($3.45).

Several research firms have commented on KMR. Peel Hunt reiterated a “buy” rating on shares of Kenmare Resources in a research report on Friday, May 3rd. Canaccord Genuity reiterated a “buy” rating and issued a GBX 485 ($6.34) target price on shares of Kenmare Resources in a research report on Wednesday, March 13th. Finally, Berenberg Bank increased their target price on Kenmare Resources from GBX 380 ($4.97) to GBX 400 ($5.23) and gave the company a “buy” rating in a research report on Thursday, March 14th.

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Kenmare Resources Company Profile

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 heavy mineral reserves, such as ilmenite and rutile titanium minerals primarily used to produce titanium dioxide pigment, as well as zircon.

See Also: P/E Growth (PEG)

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