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MKA Stock Chart & Stats
C$0.90
C$0.04(25.00%)
At close: 4:00 PM EST
C$0.90
C$0.04(25.00%)
Day’s Range― - ―
52-Week RangeC$0.55 - C$3.01
Previous CloseN/A
Volume75.00K
Average Volume (3M)108.49K
Market Cap
C$267.35M
Enterprise ValueC$228.76M
Total Cash (Recent Filing)C$1.22M
Total Debt (Recent Filing)C$1.84M
Price to Earnings (P/E)―
Beta-1.12
Next Earnings
Aug 31, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.04
Shares Outstanding387,460,300
10 Day Avg. Volume154,966
30 Day Avg. Volume108,494
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-61.40
Price to Sales (P/S)0.00
P/FCF Ratio-30.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Integrated Mine-to-magnet StrategyMkango's strategy to integrate upstream mining with downstream processing and magnet-material supply is structurally durable: capturing value across the chain can improve margins, reduce counterparty risk, and align the company with long-term EV and renewable demand, provided execution and funding follow.
Downstream Processing & Recycling Presence In EuropeDeveloping European processing and recycling capabilities positions Mkango to serve regional magnet supply chains, benefit from local content/regulatory preferences, and access circular-material premiums. This structural move can shorten lead times and support long-term contract opportunities with OEMs and recyclers.
Sizable Asset Base And Modest Absolute DebtA tangible asset base of ~12.9M and relatively low nominal debt provide optionality: assets can support project financing, JV structures, or asset-backed funding. While equity metrics are weak, the asset pool is a durable foundation for development or structured partner-led financing.
Bears Say
Negative Shareholders' Equity And DeteriorationThe move from positive equity in 2024 to negative equity in 2025/TTM signals cumulative losses eroding the capital base. Negative equity constrains financing options, risks covenant or regulatory scrutiny, and raises the structural probability of dilutive recapitalizations to fund project development.
Ongoing Cash Burn And Negative Operating Cash FlowSustained negative operating and free cash flow creates a structural funding imperative: the company must secure external capital to advance projects and scale recycling. Persistent cash burn increases dilution risk and limits ability to self-fund permitting, construction, or downstream commercialization over the next several months.
Persistent Losses With Minimal RevenueLarge recent net losses and negligible reported revenue show Mkango remains pre-commercial and unprofitable. Without material revenue generation, margins and cash generation remain hypothetical; the company faces structural execution and market-adoption risks before sustainable earnings can emerge.
Mkango Resources News
MKA FAQ
What was Mkango Resources’s price range in the past 12 months?
Mkango Resources lowest stock price was C$0.55 and its highest was C$3.01 in the past 12 months.
What is Mkango Resources’s market cap?
Mkango Resources’s market cap is C$267.35M.
When is Mkango Resources’s upcoming earnings report date?
Mkango Resources’s upcoming earnings report date is Aug 31, 2026 which is in 42 days.
How were Mkango Resources’s earnings last quarter?
Currently, no data Available
Is Mkango Resources overvalued?
According to Wall Street analysts Mkango Resources’s price is currently Overvalued.
Does Mkango Resources pay dividends?
Mkango Resources does not currently pay dividends.
What is Mkango Resources’s EPS estimate?
Mkango Resources’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Mkango Resources have?
Mkango Resources has 387,460,300 shares outstanding.
What happened to Mkango Resources’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Mkango Resources?
Currently, no hedge funds are holding shares in TSE:MKA
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Mkango Resources Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
530.57%
12-Months-Change
Fundamentals
Return on Equity
750.47%
Trailing 12-Months
Asset Growth
1.08%
Trailing 12-Months
Company Description
Mkango Resources
Mkango Resources Ltd., operating through its subsidiaries, specializes in the exploration and subsequent development of rare earth elements and related minerals. Their primary operations are situated in the Republic of Malawi, Africa. Beyond its core rare earth activities, the firm also seeks out deposits of a broad spectrum of other valuable resources, including uranium, tantalum, niobium, zircon, nickel, cobalt, rutile, graphite, and gold. Central to its portfolio is the Songwe Hill property, located within the Phalombe exploration license in southeastern Malawi. Furthermore, Mkango maintains full ownership (100% interest) of several other licenses: Thambani, Chimimbe Hill, and Mchinji. The company's corporate headquarters are situated in Vancouver, Canada.
Technical Analysis
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