Mkango Resources Ltd. (LON:MKA - Get Free Report) shares fell 6.9% on Tuesday . The company traded as low as GBX 25.50 ($0.34) and last traded at GBX 25.59 ($0.34). 3,498,798 shares changed hands during trading, an increase of 36% from the average session volume of 2,574,913 shares. The stock had previously closed at GBX 27.50 ($0.37).
Mkango Resources Trading Up 11.7%
The firm has a market capitalization of £147.33 million, a PE ratio of -44.46 and a beta of 2.17. The business's 50 day simple moving average is GBX 18.72 and its two-hundred day simple moving average is GBX 14.64.
Mkango Resources (LON:MKA - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported GBX (0.29) ($0.00) earnings per share 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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