Mkango Resources Ltd. (LON:MKA - Get Free Report)'s share price fell 0.8% during trading on Thursday . The company traded as low as GBX 16 ($0.22) and last traded at GBX 16.50 ($0.22). 7,405,837 shares were traded during mid-day trading, an increase of 269% from the average session volume of 2,008,750 shares. The stock had previously closed at GBX 16.63 ($0.23).
Mkango Resources Price Performance
The stock has a fifty day moving average price of GBX 16.70 and a 200 day moving average price of GBX 12.04. The stock has a market capitalization of £69.06 million, a P/E ratio of -20.84 and a beta of 2.17.
Mkango Resources (LON:MKA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported GBX (0.29) ($0.00) EPS for the quarter.
About Mkango Resources
(
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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