Mkango Resources Ltd. (LON:MKA – Get Free Report)’s share price was down 4.3% during mid-day trading on Tuesday . The company traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.75 ($0.07). Approximately 1,904,486 shares traded hands during trading, an increase of 158% from the average daily volume of 739,044 shares. The stock had previously closed at GBX 6 ($0.08).
Mkango Resources Trading Up 9.4 %
The company has a market cap of £16.89 million, a P/E ratio of -600.00 and a beta of 2.01. The company has a current ratio of 0.71, a quick ratio of 0.87 and a debt-to-equity ratio of 54.03. The business has a 50 day moving average price of GBX 6.01 and a 200-day moving average price of GBX 6.55.
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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