Mkango Resources (LON:MKA) Hits New 1-Year High – What’s Next?

Mkango Resources Ltd. (LON:MKA)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 12.50 ($0.16) and last traded at GBX 11.90 ($0.15), with a volume of 11003040 shares changing hands. The stock had previously closed at GBX 10.75 ($0.13).

Mkango Resources Trading Up 10.7 %

The company has a market capitalization of £34.92 million, a PE ratio of -1,190.00 and a beta of 2.17. The stock has a fifty day moving average of GBX 8.91 and a two-hundred day moving average of GBX 7.01. The company has a current ratio of 0.16, a quick ratio of 0.87 and a debt-to-equity ratio of 54.03.

About Mkango Resources

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.