Mkango Resources Ltd. (CVE:MKA – Get Rating) Director William Drummond Dawes acquired 400,000 shares of Mkango Resources stock in a transaction on Tuesday, February 14th. The shares were purchased at an average price of C$0.13 per share, for a total transaction of C$51,000.00.
Mkango Resources Trading Up 13.2 %
Shares of Mkango Resources stock opened at C$0.22 on Friday. The company has a market capitalization of C$52.29 million, a price-to-earnings ratio of -3.58 and a beta of 2.06. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 125.65. Mkango Resources Ltd. has a 12-month low of C$0.16 and a 12-month high of C$0.44. The firm's 50-day moving average price is C$0.24 and its two-hundred day moving average price is C$0.22.
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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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