Katanga Mining Limited (KAT.TO) (TSE:KAT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Katanga Mining Limited (KAT.TO) (TSE:KAT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$0.16. Katanga Mining Limited (KAT.TO) shares last traded at C$0.16, with a volume of 130,750 shares changing hands.

Katanga Mining Limited (KAT.TO) Stock Performance

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

About Katanga Mining Limited (KAT.TO)

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.