Mkango Resources Ltd (CVE:MKA)’s share price fell 3.7% on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.13, 4,000 shares changed hands during mid-day trading. A decline of 89% from the average session volume of 36,859 shares. The stock had previously closed at C$0.14.
The company has a market cap of $14.63 million and a PE ratio of -7.35. The stock has a 50-day moving average of C$0.13 and a 200-day moving average of C$0.13. The company has a quick ratio of 45.76, a current ratio of 45.93 and a debt-to-equity ratio of 0.52.
Mkango Resources Company Profile (CVE:MKA)
Mkango Resources Ltd., through its subsidiary, Lancaster Exploration Limited, explores for and develops rare earth elements and associated minerals in the Republic of Malawi, Africa. It explores for uranium, niobium, tantalum, zircon, nickel, and cobalt ores. The company's principal project is the Songwe Hill property within the Phalombe exploration license, which covers an area of 849.1 square kilometers located in southeast Malawi.
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