Mkango Resources (LON:MKA) Trading Down 0.6% – Should You Sell?

Mkango Resources Ltd. (LON:MKA)’s stock price was down 0.6% during trading on Friday . The company traded as low as GBX 41 ($0.55) and last traded at GBX 41 ($0.55). Approximately 1,817,859 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 2,637,250 shares. The stock had previously closed at GBX 41.25 ($0.56).

Mkango Resources Trading Down 0.6%

The firm’s 50-day moving average price is GBX 32.01 and its 200-day moving average price is GBX 20.60. The stock has a market capitalization of £134.09 million, a PE ratio of -6,507.94 and a beta of 2.17.

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.