Katanga Mining Limited (KAT.TO) (TSE:KAT) Shares Cross Above 200-Day Moving Average – What’s Next?

Katanga Mining Limited (KAT.TO) (TSE:KAT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$0.16. Katanga Mining Limited (KAT.TO) shares last traded at C$0.16, with a volume of 130,750 shares changing hands.

Katanga Mining Limited (KAT.TO) Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.55 and a debt-to-equity ratio of 62.65. The business’s fifty day moving average is C$0.16. The company has a market cap of C$9.79 billion and a PE ratio of -0.83.

Katanga Mining Limited (KAT.TO) Company Profile

Katanga Mining Limited, through its subsidiaries, engages in the copper and cobalt mining, and related activities in the Democratic Republic of Congo. It is involved in the exploration, mining, refurbishment, rehabilitation, development, and operation of the Kamoto/Mashamba East mining complex; the Kamoto Oliveira Virgule copper and cobalt mine; T17 open pit and underground mines; various oxide open pit resources; the Kamoto concentrator; and the Luilu metallurgical plant.