Mkango Resources Ltd. (LON:MKA – Get Free Report) was down 3.1% during trading on Friday . The stock traded as low as GBX 6.10 ($0.08) and last traded at GBX 6.30 ($0.08). Approximately 112,524 shares changed hands during trading, a decline of 86% from the average daily volume of 790,946 shares. The stock had previously closed at GBX 6.50 ($0.08).
Mkango Resources Stock Performance
The company’s 50-day moving average is GBX 6.04 and its two-hundred day moving average is GBX 6.10. The company has a market capitalization of £18.49 million, a P/E ratio of -630.00 and a beta of 2.17. The company has a quick ratio of 0.87, a current ratio of 0.16 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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