Shares of Mkango Resources Ltd. (LON:MKA - Get Free Report) shot up 1.5% on Friday . The stock traded as high as GBX 15.75 ($0.22) and last traded at GBX 15.60 ($0.21). 417,485 shares were traded during mid-day trading, a decline of 78% from the average session volume of 1,909,086 shares. The stock had previously closed at GBX 15.38 ($0.21).
Mkango Resources Stock Up 1.5%
The company has a 50-day simple moving average of GBX 16.58 and a two-hundred day simple moving average of GBX 12.97. The firm has a market cap of £65.29 million, a PE ratio of -19.70 and a beta of 2.17.
Mkango Resources (LON:MKA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported GBX (0.29) ($0.00) earnings per share for the quarter.
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.
Featured Stories
Before you consider Mkango Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mkango Resources wasn't on the list.
While Mkango Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
