Mkango Resources (MKA) Trading Down 15.6%
Shares of Mkango Resources Ltd (CVE:MKA) fell 15.6% during mid-day trading on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. 89,000 shares were traded during mid-day trading, an increase of 153% from the average session volume of 35,230 shares. The stock had previously closed at C$0.16.
The company has a current ratio of 1.69, a quick ratio of 1.59 and a debt-to-equity ratio of 0.52. The stock has a market cap of $14.89 million and a PE ratio of -2.12.
Mkango Resources Company Profile (CVE:MKA)
Mkango Resources Ltd., through its subsidiary, Lancaster Exploration Limited, explores for and develops rare earth elements and associated minerals in the Republic of Malawi, Africa. It explores for uranium, niobium, tantalum, zircon, nickel, and cobalt ores. The company's principal project is the Songwe Hill property within the Phalombe exploration license, which covers an area of 849.1 square kilometers located in southeast Malawi.
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