Shares of Mkango Resources Ltd. (LON:MKA – Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 5.09 ($0.07) and last traded at GBX 5.38 ($0.07), with a volume of 539290 shares trading hands. The stock had previously closed at GBX 5.75 ($0.07).
Mkango Resources Stock Performance
The firm’s 50 day moving average is GBX 6.50 and its 200 day moving average is GBX 7.07. The company has a debt-to-equity ratio of 54.03, a current ratio of 0.71 and a quick ratio of 0.87. The company has a market cap of £14.09 million, a PE ratio of -525.00 and a beta of 2.01.
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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