Mkango Resources (LON:MKA) Trading Down 8.7%

Mkango Resources Ltd. (LON:MKAGet Free Report) dropped 8.7% during trading on Thursday . The company traded as low as GBX 5.09 ($0.07) and last traded at GBX 5.25 ($0.07). Approximately 539,289 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 665,846 shares. The stock had previously closed at GBX 5.75 ($0.07).

Mkango Resources Stock Performance

The stock has a market capitalization of £13.70 million, a price-to-earnings ratio of -525.00 and a beta of 2.01. The stock’s 50 day moving average is GBX 6.54 and its 200 day moving average is GBX 7.08. The company has a current ratio of 0.71, a quick ratio of 0.87 and a debt-to-equity ratio of 54.03.

About Mkango Resources

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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, 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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