Mkango Resources (CVE:MKA) Trading Down 4.5%

Shares of Mkango Resources Ltd. (CVE:MKA – Get Rating) traded down 4.5% on Friday . The stock traded as low as C$0.21 and last traded at C$0.21. 1,000 shares were traded during mid-day trading, a decline of 89% from the average session volume of 9,156 shares. The stock had previously closed at C$0.22.

Mkango Resources Stock Down 4.5 %

The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 125.65. The firm has a market capitalization of C$45.19 million and a P/E ratio of -3.23. The company has a 50 day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.23.

Mkango Resources Company Profile

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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, graphite, and gold ores. The company's flagship project is the Songwe Hill property within the Phalombe exploration license located in southeast Malawi.