Mkango Resources Ltd. (LON:MKA – Get Free Report)’s share price rose 11% during mid-day trading on Thursday . The company traded as high as GBX 5.85 ($0.08) and last traded at GBX 5.83 ($0.08). Approximately 172,489 shares traded hands during trading, a decline of 79% from the average daily volume of 821,781 shares. The stock had previously closed at GBX 5.25 ($0.07).
Mkango Resources Trading Up 11.0 %
The company has a debt-to-equity ratio of 54.03, a current ratio of 0.16 and a quick ratio of 0.87. The business’s 50 day moving average price is GBX 5.81 and its 200-day moving average price is GBX 6.23. The firm has a market capitalization of £17.11 million, a price-to-earnings ratio of -565.00 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.
Recommended Stories
- Five stocks we like better than Mkango Resources
- What Does Downgrade Mean in Investing?
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
Receive News & Ratings for Mkango Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mkango Resources and related companies with MarketBeat.com's FREE daily email newsletter.
