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An announcement from Mkango Resources ( (TSE:MKA) ) is now available.
Mkango Resources Ltd. announced that its CFO, Robert Sewell, has purchased 450,000 common shares, increasing his ownership to 700,000 shares, which represents 0.21% of the company’s total share capital. This transaction reflects confidence in the company’s strategic focus on rare earth element production and recycling, which is crucial for the expanding electric vehicle and clean energy sectors.
More about Mkango Resources
Mkango Resources Ltd. is a company focused on becoming a leader in the production of recycled rare earth magnets, alloys, and oxides. The company holds a significant interest in Maginito Limited, which is involved in rare earth magnet recycling in the UK, Germany, and the United States. Additionally, Mkango owns the Songwe Hill rare earths project in Malawi and a rare earths separation project in Poland, aiming to supply the growing demand for materials used in electric vehicles, wind turbines, and clean energy technologies.
YTD Price Performance: 38.36%
Average Trading Volume: 1,911,721
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £35.76M
See more data about MKA stock on TipRanks’ Stock Analysis page.
