Mkango Resources Ltd. (LON:MKA - Get Free Report) shares fell 6.7% during mid-day trading on Wednesday . The stock traded as low as GBX 18 ($0.24) and last traded at GBX 18.20 ($0.24). 2,617,032 shares changed hands during trading, an increase of 27% from the average session volume of 2,055,294 shares. The stock had previously closed at GBX 19.50 ($0.26).
Mkango Resources Trading Up 5.5 %
The company has a fifty day simple moving average of GBX 13.43 and a 200-day simple moving average of GBX 10.03. The company has a market capitalization of £76.80 million, a PE ratio of -23.18 and a beta of 2.17.
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.
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