Mkango Resources Ltd. (LON:MKA – Get Free Report)’s stock price rose 13.3% on Friday . The stock traded as high as GBX 6.40 ($0.08) and last traded at GBX 6.40 ($0.08). Approximately 203,648 shares changed hands during trading, a decline of 74% from the average daily volume of 790,753 shares. The stock had previously closed at GBX 5.65 ($0.07).
Mkango Resources Price Performance
The company has a market cap of £18.34 million, a price-to-earnings ratio of -625.00 and a beta of 2.17. The company has a fifty day moving average price of GBX 5.92 and a two-hundred day moving average price of GBX 6.12. The company has a current ratio of 0.16, a quick ratio of 0.87 and a debt-to-equity ratio of 54.03.
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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