Kenmare Resources plc (OTCMKTS:KMRPF) Stock Short Interest Report for October

by · The Cerbat Gem

Kenmare Resources plc (OTCMKTS:KMRPF – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 122 shares. Based on an average daily trading volume, of 486 shares, the days-to-cover ratio is presently 0.3 days.

Kenmare Resources Stock Performance

OTCMKTS KMRPF remained flat at $3.20 on Friday. The company’s 50 day simple moving average is $2.73 and its 200 day simple moving average is $2.97. Kenmare Resources has a 52-week low of $2.47 and a 52-week high of $4.49.

Kenmare Resources Company Profile

(Get Free Report)

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.

See Also