Mkango Resources Ltd. (LON:MKA - Get Free Report)'s share price was down 7.9% during mid-day trading on Tuesday . The stock traded as low as GBX 28 ($0.38) and last traded at GBX 29 ($0.39). Approximately 12,077,854 shares were traded during mid-day trading, an increase of 384% from the average daily volume of 2,496,501 shares. The stock had previously closed at GBX 31.50 ($0.42).
Mkango Resources Trading Down 9.8%
The company's fifty day moving average price is GBX 17.82 and its two-hundred day moving average price is GBX 14.09. The firm has a market cap of £115.10 million, a P/E ratio of -34.73 and a beta of 2.17.
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
(
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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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