Shares of Mkango Resources Ltd. (LON:MKA - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 12.50 ($0.16) and last traded at GBX 12 ($0.16), with a volume of 1547743 shares traded. The stock had previously closed at GBX 12.25 ($0.16).
Mkango Resources Trading Up 0.6 %
The business has a 50 day simple moving average of GBX 10.42 and a two-hundred day simple moving average of GBX 8.30. The company has a market cap of £51.56 million, a PE ratio of -15.56 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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