Mkango Resources Ltd. (LON:MKA - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 21 ($0.28) and last traded at GBX 18.20 ($0.24), with a volume of 2617032 shares traded. The stock had previously closed at GBX 19.50 ($0.26).
Mkango Resources Stock Performance
The company's 50-day moving average price is GBX 13.18 and its 200 day moving average price is GBX 9.82. The stock has a market capitalization of £71.15 million, a P/E ratio of -21.47 and a beta of 2.17.
Mkango Resources Company Profile
(
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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.
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