Mkango Resources Ltd. (LON:MKA – Get Free Report) shares shot up 6.9% during trading on Monday . The company traded as high as GBX 7.50 ($0.09) and last traded at GBX 6.63 ($0.08). 1,222,187 shares changed hands during trading, an increase of 55% from the average session volume of 789,407 shares. The stock had previously closed at GBX 6.20 ($0.08).
Mkango Resources Price Performance
The business’s 50-day moving average price is GBX 5.98 and its 200 day moving average price is GBX 6.07. The stock has a market capitalization of £19.44 million, a PE ratio of -620.00 and a beta of 2.17. The company has a debt-to-equity ratio of 54.03, a quick ratio of 0.87 and a current ratio of 0.16.
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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