Shares of Mkango Resources Ltd. (LON:MKA – Get Free Report) dropped 8% during trading on Tuesday . The company traded as low as GBX 5.53 ($0.07) and last traded at GBX 5.75 ($0.07). Approximately 257,747 shares were traded during trading, a decline of 62% from the average daily volume of 686,837 shares. The stock had previously closed at GBX 6.25 ($0.08).
Mkango Resources Trading Up 4.3 %
The company has a market capitalization of £16.09 million, a price-to-earnings ratio of -575.00 and a beta of 2.01. The business has a fifty day moving average price of GBX 6.69 and a 200 day moving average price of GBX 7.28. The company has a debt-to-equity ratio of 54.03, a current ratio of 0.71 and a quick ratio of 0.87.
Mkango Resources Company Profile
Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in the Republic of Malawi, Africa. It explores for uranium, tantalum, niobium, zircon, nickel, cobalt, rutile, corundum, graphite, gold ores, and base metals. The company's flagship project is the Songwe Hill property within the Phalombe exploration license located in southeast Malawi.
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