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

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

Katanga Mining Limited (KAT.TO) Price Performance

The stock has a market cap of C$9.79 billion and a price-to-earnings ratio of -0.83. The business has a fifty day moving average price of C$0.16. The company has a quick ratio of 0.55, a current ratio of 0.98 and a debt-to-equity ratio of 62.65.

Katanga Mining Limited (KAT.TO) Company Profile

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.