Mkango Resources Ltd. (LON:MKA – Get Free Report)’s stock price dropped 2.4% during trading on Tuesday . The stock traded as low as GBX 40 and last traded at GBX 40. Approximately 825,148 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 1,682,731 shares. The stock had previously closed at GBX 41.
Mkango Resources Trading Up 1.3%
The business’s 50 day moving average price is GBX 44.76 and its 200-day moving average price is GBX 47.45. The company has a current ratio of 0.14, a quick ratio of 0.87 and a debt-to-equity ratio of -64.29. The company has a market cap of £155.04 million, a price-to-earnings ratio of -9.50 and a beta of 1.70.
Mkango Resources Company Profile
Mkango released a Feasibility Study for Songwe Hill, Malawi, in July 2022. Malawi is known as “The Warm Heart of Africa”, a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway.
In parallel, Mkango recently announced that Mkango and Grupa Azoty PULAWY, Poland’s leading chemical company and the second largest manufacturer of nitrogen and compound fertilizers in the European Union, have agreed to work together towards development of a rare earth Separation Plant at Pulawy in Poland.
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