Mkango Resources Ltd. (LON:MKA - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 36 ($0.49) and last traded at GBX 31.50 ($0.43), with a volume of 14492658 shares traded. The stock had previously closed at GBX 31 ($0.42).
Mkango Resources Stock Up 2.5%
The company's fifty day moving average price is GBX 17.62 and its two-hundred day moving average price is GBX 13.95. The firm has a market cap of £127.66 million, a PE ratio of -38.52 and a beta of 2.17.
Mkango Resources (LON:MKA - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported GBX (0.29) ($0.00) earnings per share (EPS) for the quarter.
Mkango Resources Company Profile
(
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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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