Shares of Mkango Resources Ltd. (
LON:MKA -
Get Free Report) were up 10.1% during mid-day trading on Friday . The company traded as high as GBX 60 ($0.80) and last traded at GBX 59 ($0.79). Approximately 3,929,933 shares were traded during trading, an increase of 55% from the average daily volume of 2,541,595 shares. The stock had previously closed at GBX 53.60 ($0.72).
Mkango Resources Trading Up 10.1%
The stock's 50-day moving average is GBX 40.92 and its 200-day moving average is GBX 26.94. The firm has a market capitalization of £198.24 million, a price-to-earnings ratio of -7,468.35 and a beta of 2.17.
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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