Mkango Resources Stock Analysis

Mkango Stock Analysis Notes

About 37.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.01. Mkango Resources had not issued any dividends in recent years. The entity had 1:3 split on the 15th of June 2016. Mkango Resources Ltd., through its subsidiary, Lancaster Exploration Limited, explores for and develops rare earth elements and associated minerals in the Republic of Malawi, Africa. It also holds 100 percent interests in the Thambani and Chimimbe Hill licenses. MKANGO RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. To find out more about Mkango Resources contact BSc CFA at 403-444-5979 or learn more at https://mkango.ca.

Mkango Resources Investment Alerts

Mkango Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 50.16 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mkango Resources's market, we take the total number of its shares issued and multiply it by Mkango Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Mkango Profitablity

Management Efficiency

Mkango Resources has return on total asset (ROA) of (0.3511) % which means that it has lost $0.3511 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (1.1474) %, meaning that it generated substantial loss on money invested by shareholders. Mkango Resources' management efficiency ratios could be used to measure how well Mkango Resources manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -1.48 in 2024. Return On Capital Employed is likely to climb to -0.59 in 2024. At this time, Mkango Resources' Total Assets are fairly stable compared to the past year. Total Current Assets is likely to climb to about 2.7 M in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 88.8 K in 2024.

Technical Drivers

As of the 29th of December, Mkango Resources secures the Mean Deviation of 5.94, risk adjusted performance of 0.0853, and Downside Deviation of 12.56. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mkango Resources, as well as the relationship between them. Please verify Mkango Resources coefficient of variation and the relationship between the jensen alpha and skewness to decide if Mkango Resources is priced some-what accurately, providing market reflects its recent price of 0.17 per share.

Mkango Resources Price Movement Analysis

Mkango Resources Outstanding Bonds

Mkango Resources Predictive Daily Indicators

Mkango Resources Forecast Models

Mkango Resources' time-series forecasting models are one of many Mkango Resources' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Mkango Resources' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Mkango Resources prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Mkango shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Mkango Resources. By using and applying Mkango Stock analysis, traders can create a robust methodology for identifying Mkango entry and exit points for their positions.

When running Mkango Resources' price analysis, check to measure Mkango Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mkango Resources is operating at the current time. Most of Mkango Resources' value examination focuses on studying past and present price action to predict the probability of Mkango Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mkango Resources' price. Additionally, you may evaluate how the addition of Mkango Resources to your portfolios can decrease your overall portfolio volatility.