Mkango Resources (LON:MKA) Trading Up 1.5% - Here's What Happened

Shares of Mkango Resources Ltd. (LON:MKA - Get Free Report) traded 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 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 Trading Down 9.2%

The firm has a market capitalization of £59.31 million, a P/E ratio of -17.90 and a beta of 2.17. The firm has a 50-day moving average of GBX 16.58 and a two-hundred day moving average of GBX 13.04.

Mkango Resources (LON:MKA - Get Free Report) last announced 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

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.