Mkango Resources Ltd. (MKA.V) (CVE:MKA) Hits New 12-Month High at $0.29

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Mkango Resources Ltd. (MKA.V) (CVE:MKA)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$0.29 and last traded at C$0.28, with a volume of 80166 shares trading hands. The stock had previously closed at C$0.25.

The firm has a market cap of C$36.58 million and a P/E ratio of -16.18. The firm’s 50 day moving average is C$0.21 and its two-hundred day moving average is C$0.13. The company has a current ratio of 12.62, a quick ratio of 12.48 and a debt-to-equity ratio of 0.52.

About Mkango Resources Ltd. (MKA.V) (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, cobalt, and gold 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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