Mkango Resources Ltd. (
LON:MKA -
Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 46.89 ($0.64) and last traded at GBX 45 ($0.61), with a volume of 3249541 shares trading hands. The stock had previously closed at GBX 43.50 ($0.59).
Mkango Resources Price Performance
The company has a 50-day moving average of GBX 26.88 and a 200 day moving average of GBX 18.55. The company has a market cap of £188.35 million, a PE ratio of -56.83 and a beta of 2.17.
Mkango Resources Company Profile
(
Get Free Report)
Mkango's corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
Mkango released a Feasibility Study for Songwe Hill, Malawi, in July 2022.
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