Shares of Mkango Resources Ltd. (LON:MKA - Get Free Report) were up 11.4% during trading on Friday . The stock traded as high as GBX 39.40 ($0.52) and last traded at GBX 39 ($0.52). Approximately 4,004,335 shares changed hands during trading, an increase of 51% from the average daily volume of 2,658,398 shares. The stock had previously closed at GBX 35 ($0.47).
Mkango Resources Price Performance
The business's 50-day moving average is GBX 22.82 and its 200 day moving average is GBX 16.66. The firm has a market capitalization of £148.58 million, a P/E ratio of -44.84 and a beta of 2.17.
About Mkango Resources
(
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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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