Mkango Resources Ltd. (LON:MKA – Get Free Report) shares shot up 6.8% on Monday . The company traded as high as GBX 6 ($0.08) and last traded at GBX 6 ($0.08). 89,950 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 835,890 shares. The stock had previously closed at GBX 5.62 ($0.08).
Mkango Resources Price Performance
The company’s fifty day moving average price is GBX 5.75 and its two-hundred day moving average price is GBX 6.25. The company has a quick ratio of 0.87, a current ratio of 0.16 and a debt-to-equity ratio of 54.03. The company has a market cap of £16.87 million, a price-to-earnings ratio of -575.00 and a beta of 2.15.
About Mkango Resources
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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