Mkango Resources Ltd (CVE:MKA)’s share price traded down 3.7% during trading on Wednesday . The company traded as low as C$0.13 and last traded at C$0.13, 4,000 shares were traded during trading. A decline of 89% from the average session volume of 36,859 shares. The stock had previously closed at C$0.14.

The business has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.13. The company has a market cap of $14.63 million and a PE ratio of -7.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 45.93 and a quick ratio of 45.76.

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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