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Mkango Resources (LON:MKA) Stock Price Up 12.4% - Still a Buy?

Written by MarketBeat
September 24, 2025
Mkango Resources logo with Basic Materials background

Key Points

  • Shares of Mkango Resources rose by 12.4%, reaching a last traded price of GBX 38.20 ($0.52), following increased demand despite a decline in trading volume.
  • The company, with a market cap of £128.35 million and significant focus on rare earth elements, aims to serve the growing market for electric vehicles and clean technologies through an integrated strategy of mining, refining, and recycling.
  • Mkango's Feasibility Study for the Songwe Hill project in Malawi was released in July 2022, highlighting the company's commitment to sustainable resource development.
  • Five stocks to consider instead of Mkango Resources.

Shares of Mkango Resources Ltd. (LON:MKA - Get Free Report) shot up 12.4% during trading on Wednesday . The company traded as high as GBX 38.49 ($0.52) and last traded at GBX 38.20 ($0.52). 2,020,471 shares traded hands during trading, a decline of 21% from the average session volume of 2,542,217 shares. The stock had previously closed at GBX 34 ($0.46).

Mkango Resources Stock Performance

The company's 50 day moving average price is GBX 36.49 and its 200-day moving average price is GBX 23.59. The company has a market cap of £128.35 million, a price-to-earnings ratio of -4,835.44 and a beta of 2.17.

Mkango Resources Company Profile

(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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