Mkango Resources (LON:MKA) Trading 6% Higher

Mkango Resources Ltd. (LON:MKAGet Rating)’s stock price traded up 6% on Friday . The stock traded as high as GBX 14 ($0.17) and last traded at GBX 13.25 ($0.16). 478,822 shares were traded during trading, a decline of 5% from the average session volume of 506,597 shares. The stock had previously closed at GBX 12.50 ($0.15).

Mkango Resources Price Performance

The firm has a market cap of £28.51 million and a P/E ratio of -3.23. The company has a fifty day moving average price of GBX 14.09 and a two-hundred day moving average price of GBX 14.50. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 125.65.

About Mkango Resources

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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, graphite, and gold ores. The company's flagship project is the Songwe Hill property within the Phalombe exploration license located in southeast Malawi.

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