Mkango Resources (LON:MKA) Hits New 1-Year High – Should You Buy?

Posted by Renee Jackson on Feb 8th, 2025

Shares of Mkango Resources Ltd. (LON:MKA – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 12.50 ($0.16) and last traded at GBX 11.90 ($0.15), with a volume of 11003040 shares. The stock had previously closed at GBX 10.75 ($0.13).

Mkango Resources Trading Down 0.8 %

The company has a quick ratio of 0.87, a current ratio of 0.16 and a debt-to-equity ratio of 54.03. The firm’s fifty day moving average is GBX 9.02 and its two-hundred day moving average is GBX 7.09. The firm has a market cap of £34.63 million, a P/E ratio of -1,180.00 and a beta of 2.17.

About Mkango Resources

(Get Free Report)

Mkango’s corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.

Mkango released a Feasibility Study for Songwe Hill, Malawi, in July 2022.