Mkango Resources (LON:MKA) Sets New 12-Month High – What’s Next?

by · The Cerbat Gem

Mkango Resources Ltd. (LON:MKA – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 16.91 ($0.22) and last traded at GBX 14.52 ($0.19), with a volume of 5283779 shares. The stock had previously closed at GBX 13.50 ($0.18).

Mkango Resources Trading Up 7.6 %

The company has a market capitalization of £60.77 million, a PE ratio of -18.34 and a beta of 2.17. The business’s 50-day simple moving average is GBX 10.84 and its two-hundred day simple moving average is GBX 8.53.

Mkango Resources Company Profile

(Get Free Report)

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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