Mkango Resources Ltd. (LON:MKA - Get Free Report)'s share price shot up 2.9% during mid-day trading on Friday . The company traded as high as GBX 36.71 ($0.50) and last traded at GBX 35.50 ($0.48). 1,675,779 shares traded hands during trading, a decline of 36% from the average session volume of 2,638,460 shares. The stock had previously closed at GBX 34.50 ($0.47).
Mkango Resources Trading Down 4.2%
The stock has a 50 day moving average of GBX 25.35 and a 200-day moving average of GBX 17.79. The company has a market capitalization of £172.50 million, a P/E ratio of -52.05 and a beta of 2.17.
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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