Mkango Resources Ltd. (LON:MKA – Get Free Report)’s stock price traded up 6.9% on Monday . The stock traded as high as GBX 7.50 ($0.09) and last traded at GBX 6.63 ($0.08). 1,222,187 shares changed hands during trading, an increase of 55% from the average session volume of 789,407 shares. The stock had previously closed at GBX 6.20 ($0.08).
Mkango Resources Stock Performance
The firm’s fifty day moving average price is GBX 6.03 and its 200-day moving average price is GBX 6.07. The company has a current ratio of 0.16, a quick ratio of 0.87 and a debt-to-equity ratio of 54.03. The firm has a market cap of £23.85 million, a price-to-earnings ratio of -810.00 and a beta of 2.17.
About Mkango Resources
Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in the Republic of Malawi, Africa. It explores for uranium, tantalum, niobium, zircon, nickel, cobalt, rutile, corundum, graphite, gold ores, and base metals. The company's flagship project is the Songwe Hill property within the Phalombe exploration license located in southeast Malawi.
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