Mkango Resources Ltd. (LON:MKA – Get Rating) insider William (Will) Drummond Dawes acquired 400,000 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was acquired at an average price of GBX 13 ($0.16) per share, for a total transaction of £52,000 ($63,122.12).
Mkango Resources Trading Up 3.7 %
Shares of MKA stock opened at GBX 13.38 ($0.16) on Wednesday. The company has a debt-to-equity ratio of 125.65, a quick ratio of 0.87 and a current ratio of 1.03. Mkango Resources Ltd. has a 52-week low of GBX 9.81 ($0.12) and a 52-week high of GBX 29 ($0.35). The company has a market capitalization of £28.78 million and a PE ratio of -3.20. The business's fifty day moving average is GBX 14.16 and its 200 day moving average is GBX 14.10.
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Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in the Republic of Malawi, Africa. It explores for uranium, tantalum, niobium, zircon, nickel, cobalt, rutile, graphite, and gold ores. The company's flagship project is the Songwe Hill property within the Phalombe exploration license located in southeast Malawi.
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