Mkango Resources Ltd. (LON:MKA – Get Free Report) dropped 3.1% on Friday . The company traded as low as GBX 6.10 ($0.08) and last traded at GBX 6.30 ($0.08). Approximately 112,524 shares traded hands during trading, a decline of 86% from the average daily volume of 790,946 shares. The stock had previously closed at GBX 6.50 ($0.08).
Mkango Resources Stock Performance
The company has a debt-to-equity ratio of 54.03, a quick ratio of 0.87 and a current ratio of 0.16. The firm has a market cap of £18.49 million, a P/E ratio of -630.00 and a beta of 2.17. The firm’s fifty day moving average price is GBX 6.04 and its 200 day moving average price is GBX 6.11.
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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