Mkango Resources Ltd. (LON:MKA - Get Free Report) traded up 11.4% during trading on Friday . The company traded as high as GBX 36.50 ($0.49) and last traded at GBX 35.10 ($0.47). 6,266,087 shares were traded during mid-day trading, an increase of 141% from the average session volume of 2,599,377 shares. The stock had previously closed at GBX 31.50 ($0.42).
Mkango Resources Trading Down 6.3%
The firm has a market cap of £138.12 million, a P/E ratio of -41.68 and a beta of 2.17. The company's fifty day moving average price is GBX 19.09 and its two-hundred day moving average price is GBX 14.92.
Mkango Resources (LON:MKA - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported GBX (0.29) ($0.00) earnings per share (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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