Shares of Mkango Resources Ltd. (LON:MKA – Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 5.09 ($0.07) and last traded at GBX 5.38 ($0.07), with a volume of 539290 shares trading hands. The stock had previously closed at GBX 5.75 ($0.07).
Mkango Resources Trading Down 6.5 %
The company has a current ratio of 0.71, a quick ratio of 0.87 and a debt-to-equity ratio of 54.03. The company has a market capitalization of £14.43 million, a P/E ratio of -575.00 and a beta of 2.01. The business has a 50 day moving average price of GBX 6.57 and a 200 day moving average price of GBX 7.10.
About Mkango Resources
Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in the Republic of Malawi, Africa. It explores for uranium, tantalum, niobium, zircon, nickel, cobalt, rutile, corundum, graphite, gold ores, and base metals. The company's flagship project is the Songwe Hill property within the Phalombe exploration license located in southeast Malawi.
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