Mkango Resources Ltd. (LON:MKA - Get Free Report) was down 5.7% on Wednesday . The company traded as low as GBX 15 ($0.20) and last traded at GBX 15 ($0.20). Approximately 414,528 shares were traded during trading, a decline of 79% from the average daily volume of 1,955,197 shares. The stock had previously closed at GBX 15.90 ($0.21).
Mkango Resources Price Performance
The firm has a market cap of £67.80 million, a P/E ratio of -20.46 and a beta of 2.17. The stock's 50 day simple moving average is GBX 15.57 and its two-hundred day simple moving average is GBX 11.26.
Mkango Resources (LON:MKA - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported GBX (0.29) ($0.00) EPS for the quarter.
About Mkango Resources
(
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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.
Further Reading
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