Mkango Resources (LON:MKA) Trading Up 1.1%

shares were traded during mid-day trading, an increase of 17% from the average daily volume of 641,664 shares. The stock had a trading volume of 1,370,827 shares, compared to its average volume of 1,444,988. The stock of Mkango Resources Ltd. is up 1.1% during mid-day trading.

) gained 1.1% in midday trading on Tuesday. The stock reached a high of GBX 11,50 ($0.14), and traded last at GBX 11,25 ($0.14). Around 745,964 share changed hands at midday, a decrease of 20% compared to the average daily trading volume of 932974 shares. The stock closed earlier at GBX 11,13 ($0.14).

Mkango Resources Trading Up 1.1 %

The 50-day moving price of the firm is GBX 12,26, and its 200 day moving price is GBX 13,06. Stock has a market capitalization of PS27.36million, a P/E of -281.25, and a beta value of 2.06. Insider William (Will) Drummond Dawes purchased 400,000 shares in the company stock on Monday, February 13th. The shares were bought at an average of GBX 13, ($0.16) per piece, for a transaction totaling PS52,000 (64,348.47). Insiders hold 50.94% the stock of the company.

Mkango Resources Company Profile

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Mkango Resources Ltd. and its subsidiaries explore and develop rare earth elements in Malawi, Africa. It searches for uranium tantalum niobium zircon nickel cobalt rutile graphite and gold ore. Songwe Hill, a property in the Phalombe Exploration License located in southeast Malawi, is the company's flagship. offers a FREE daily email newsletter