Mkango Resources Ltd. (LON:MKA - Get Free Report) traded up 15.7% during trading on Thursday . The stock traded as high as GBX 17.69 ($0.24) and last traded at GBX 17.50 ($0.24). 12,153,940 shares traded hands during mid-day trading, an increase of 502% from the average session volume of 2,017,547 shares. The stock had previously closed at GBX 15.13 ($0.21).
Mkango Resources Stock Performance
The firm has a market cap of £102.33 million, a PE ratio of -30.88 and a beta of 2.17. The stock has a 50-day simple moving average of GBX 16.41 and a two-hundred day simple moving average of GBX 13.13.
Mkango Resources (LON:MKA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported GBX (0.29) ($0.00) EPS for the quarter.
About Mkango Resources
(
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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