Mkango Resources Ltd. (LON:MKA – Get Free Report)’s stock price rose 11.4% during mid-day trading on Friday . The stock traded as high as GBX 36.50 ($0.49) and last traded at GBX 35.10 ($0.47). Approximately 6,266,087 shares traded hands during trading, an increase of 141% from the average daily volume of 2,599,377 shares. The stock had previously closed at GBX 31.50 ($0.42).
Mkango Resources Stock Performance
The firm has a market cap of £147.33 million, a P/E ratio of -44.46 and a beta of 2.17. The business’s fifty day moving average is GBX 19.09 and its 200-day moving average is GBX 14.87.
Mkango Resources (LON:MKA – Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported GBX (0.29) ($0.00) EPS for the quarter.
Mkango Resources Company Profile
Mkango’s corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
Mkango released a Feasibility Study for Songwe Hill, Malawi, in July 2022.
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