Katanga Mining Limited (KAT.TO) (TSE:KAT) Trading Up 3.2% – Here’s Why

Katanga Mining Limited (KAT.TO) (TSE:KAT)’s stock price shot up 3.2% during trading on Monday . The stock traded as high as C$0.16 and last traded at C$0.16. 130,750 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 543,490 shares. The stock had previously closed at C$0.16.

Katanga Mining Limited (KAT.TO) Price Performance

The firm has a 50 day moving average price of C$0.16. The company has a current ratio of 0.98, a quick ratio of 0.55 and a debt-to-equity ratio of 62.65. The company has a market cap of C$9.79 billion and a P/E ratio of -0.83.

About Katanga Mining Limited (KAT.TO)

Katanga Mining Limited, through its subsidiaries, engages in the copper and cobalt mining, and related activities in the Democratic Republic of Congo. It is involved in the exploration, mining, refurbishment, rehabilitation, development, and operation of the Kamoto/Mashamba East mining complex; the Kamoto Oliveira Virgule copper and cobalt mine; T17 open pit and underground mines; various oxide open pit resources; the Kamoto concentrator; and the Luilu metallurgical plant.