Mkango Resources Ltd. (LON:MKA - Get Free Report) shot up 12.2% on Tuesday . The company traded as high as GBX 13.82 ($0.18) and last traded at GBX 13.75 ($0.18). 3,879,643 shares changed hands during mid-day trading, an increase of 104% from the average session volume of 1,901,088 shares. The stock had previously closed at GBX 12.25 ($0.16).
Mkango Resources Trading Up 7.6 %
The company has a 50-day moving average of GBX 10.96 and a 200-day moving average of GBX 8.59. The firm has a market capitalization of £60.77 million, a price-to-earnings ratio of -18.34 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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