Shares of Mkango Resources Ltd. (LON:MKA – Get Free Report) were down 2% during mid-day trading on Monday . The company traded as low as GBX 7.88 ($0.10) and last traded at GBX 8.03 ($0.10). Approximately 567,892 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 920,337 shares. The stock had previously closed at GBX 8.20 ($0.10).
Mkango Resources Trading Down 2.4 %
The firm has a market capitalization of £23.48 million, a PE ratio of -803.20 and a beta of 2.17. The firm has a fifty day moving average of GBX 6.87 and a 200 day moving average of GBX 6.23. The company has a debt-to-equity ratio of 54.03, a quick ratio of 0.87 and a current ratio of 0.16.
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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