Mkango Resources Ltd. (LON:MKA – Get Free Report) traded down 2.5% during mid-day trading on Monday . The company traded as low as GBX 6.80 ($0.09) and last traded at GBX 6.83 ($0.09). 36,829 shares traded hands during trading, a decline of 95% from the average session volume of 807,002 shares. The stock had previously closed at GBX 7 ($0.09).
Mkango Resources Price Performance
The company’s 50 day simple moving average is GBX 6.53 and its 200 day simple moving average is GBX 8.26. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 54.03. The stock has a market capitalization of £18.32 million, a PE ratio of -682.50 and a beta of 2.02.
About Mkango Resources
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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