Mkango Resources (CVE:MKA) Trading Down 6.1%

Mkango Resources Ltd. (CVE:MKA – Get Rating) was down 6.1% during mid-day trading on Thursday . The stock traded as low as C$0.30 and last traded at C$0.31. Approximately 50,500 shares traded hands during trading, an increase of 179% from the average daily volume of 18,106 shares. The stock had previously closed at C$0.33.

The company has a current ratio of 3.03, a quick ratio of 2.95 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average is C$0.33 and its 200-day moving average is C$0.41. The firm has a market capitalization of C$66.71 million and a P/E ratio of -4.70.

About Mkango Resources (CVE:MKA)

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, niobium, tantalum, zircon, nickel, cobalt, rutile, and gold 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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