Mkango Resources Ltd. (LON:MKA – Get Free Report) dropped 2% on Monday . The stock 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 mid-day 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 Price Performance
The firm has a market cap 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. The company’s 50-day moving average is GBX 6.91 and its 200-day moving average is GBX 6.24.
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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