Mkango Resources Ltd. (LON:MKA - Get Free Report)'s stock price traded down 7.9% on Tuesday . The stock traded as low as GBX 28 ($0.38) and last traded at GBX 29 ($0.39). 12,077,854 shares traded hands during mid-day trading, an increase of 384% from the average session volume of 2,496,501 shares. The stock had previously closed at GBX 31.50 ($0.43).
Mkango Resources Price Performance
The firm has a 50 day simple moving average of GBX 17.62 and a two-hundred day simple moving average of GBX 13.95. The stock has a market cap of £115.94 million, a price-to-earnings ratio of -34.98 and a beta of 2.17.
Mkango Resources (LON:MKA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported GBX (0.29) ($0.00) EPS for the quarter.
Mkango Resources Company Profile
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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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