Mkango Resources Ltd. (LON:MKA - Get Free Report)'s stock price rose 15.7% during mid-day trading on Thursday . The stock traded as high as GBX 17.69 ($0.24) and last traded at GBX 17.50 ($0.24). Approximately 12,153,940 shares changed hands during trading, an increase of 502% from the average daily volume of 2,017,547 shares. The stock had previously closed at GBX 15.13 ($0.21).
Mkango Resources Stock Up 34.8%
The company has a market cap of £129.75 million, a PE ratio of -39.15 and a beta of 2.17. The company has a 50-day moving average of GBX 16.65 and a 200-day moving average of GBX 13.41.
Mkango Resources (LON:MKA - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported GBX (0.29) ($0.00) earnings per share (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.
Further Reading
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