Mkango Resources Ltd.

Mkango Resources Ltd.verified

MKNGF

Price:

$0.0724

Market Cap:

$21.25M

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 ROE as of September 2024 (TTM) for Mkango Resources Ltd. (MKNGF) is -203.94%

According to Mkango Resources Ltd.’s latest financial reports and current stock price. The company's current ROE is -203.94%. This represents a change of 270.71% compared to the average of -55.01% of the last 4 quarters.

Mkango Resources Ltd. (MKNGF) Historical ROE (quarterly & annually)

How has MKNGF ROE performed in the past?

The mean historical ROE of Mkango Resources Ltd. over the last ten years is 43.78%. The current -203.94% ROE has changed -565.82% with respect to the historical average. Over the past ten years (40 quarters), MKNGF's ROE was at its highest in in the September 2022 quarter at 208.51%. The ROE was at its lowest in in the June 2022 quarter at -409.62%.

Quarterly (TTM)
Annual

Average

43.78%

Median

-18.60%

Minimum

-163.03%

Maximum

492.99%

Mkango Resources Ltd. (MKNGF) ROE by Quarter and Year

Discovering the peaks and valleys of Mkango Resources Ltd. ROE, 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 = 582.02%

Maximum Annual ROE = 492.99%

Minimum Annual Increase = -411.14%

Minimum Annual ROE = -163.03%

Quarterly (TTM)
Annual
YearROEChange
2023-163.03%-133.07%
2022492.99%-411.14%
2021-158.45%582.02%
2020-23.23%66.35%
2019-13.97%-91.39%
2018-162.16%-177.57%
2017209.05%9.05%
2016191.70%-364.55%
2015-72.46%-152.75%
2014137.37%-121.52%

Mkango Resources Ltd. (MKNGF) Average ROE

How has MKNGF ROE performed in the past?

The current ROE 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

57.17%

5-year avg

26.86%

10-year avg

43.78%

Mkango Resources Ltd. (MKNGF) ROE vs. Peers

How is MKNGF’s ROE compared to its peers?

Mkango Resources Ltd.’s ROE is greater than Pure Energy Minerals Limited (-2.11%), greater than Spearmint Resources Inc. (-25.21%), greater than Cruz Battery Metals Corp. (-19.69%), less than ioneer Ltd (-1.75%), greater than Argosy Minerals Limited (-19.40%),

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