Mkango Resources Ltd.

Mkango Resources Ltd.verified

MKNGF

Price:

$0.1

Market Cap:

$29.35M

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. It also holds 100% interests in the Thambani, Chimimbe Hill, and Mchinji licenses. The company is based in Vancouver, Canada.[Read more]

Industry

Industrial Materials

IPO Date

2020-11-06

Stock Exchange

PNK

Ticker

MKNGF

The Current Ratio as of November 2024 (TTM) for Mkango Resources Ltd. (MKNGF) is 0.16

According to Mkango Resources Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 0.16. This represents a change of -78.15% compared to the average of 0.72 of the last 4 quarters.

Mkango Resources Ltd. (MKNGF) Historical Current Ratio (quarterly & annually)

How has MKNGF Current Ratio performed in the past?

The mean historical Current Ratio of Mkango Resources Ltd. over the last ten years is 5.12. The current 0.16 Current Ratio has changed 205.57% with respect to the historical average. Over the past ten years (40 quarters), MKNGF's Current Ratio was at its highest in in the June 2019 quarter at 54.84. The Current Ratio was at its lowest in in the June 2024 quarter at 0.16.

Quarterly (TTM)
Annual

Average

5.12

Median

1.50

Minimum

0.58

Maximum

18.85

Mkango Resources Ltd. (MKNGF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Mkango Resources Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.02%

Maximum Annual Current Ratio = 18.85

Minimum Annual Increase = -80.37%

Minimum Annual Current Ratio = 0.58

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.710.26%
20220.71-80.37%
20213.61-79.24%
202017.39-7.72%
201918.851.02%
20181.6928.47%
20171.31-76.57%
20165.61874.85%
20150.58-19.12%
20140.71-70.26%

Mkango Resources Ltd. (MKNGF) Average Current Ratio

How has MKNGF Current Ratio performed in the past?

The current Current Ratio of Mkango Resources Ltd. (MKNGF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.68

5-year avg

8.25

10-year avg

5.12

Mkango Resources Ltd. (MKNGF) Current Ratio vs. Peers

How is MKNGF’s Current Ratio compared to its peers?

Mkango Resources Ltd.’s Current Ratio is less than Pure Energy Minerals Limited (2.72), less than Spearmint Resources Inc. (0.85), less than Cruz Battery Metals Corp. (4.52), less than ioneer Ltd (5.80), less than Argosy Minerals Limited (26.75),

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