Mkango Resources Ltd. (LON:MKA – Get Free Report) shares dropped 2% on Monday . The company traded as low as GBX 7.88 ($0.10) and last traded at GBX 8.03 ($0.10). Approximately 567,892 shares were traded during trading, a decline of 38% from the average daily volume of 920,337 shares. The stock had previously closed at GBX 8.20 ($0.10).
Mkango Resources Stock Performance
The company’s 50-day simple moving average is GBX 6.91 and its 200-day simple moving average is GBX 6.24. The stock has a market capitalization of £23.02 million, a price-to-earnings ratio of -784.60 and a beta of 2.17. The company has a current ratio of 0.16, a quick ratio of 0.87 and a debt-to-equity ratio of 54.03.
Mkango Resources Company Profile
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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