Mkango Magnetic Materials Ltd. Market Update
- Ticker: MKA.V (TSX Venture)
- Latest Price: CAD 0.61 (down 1.52 % at 10:20 PM Central Europe, Tuesday 20 Oct).
- Trading Volume (last 24 h): CAD 49.9 k.
- Shares Outstanding: 389 million.
- Market Capitalisation: CAD 252.8 million.
- 200‑Day Simple Moving Average: CAD 0.83.
- 52‑Week High: CAD 3.01 (23 Oct 2025).
- 52‑Week Low: CAD 0.58 (7 Apr 2026).
- Month‑to‑Date Change: –20.73 %.
Recent Corporate Development
Mkango Magnetic Materials Ltd. announced that its joint venture, HyProMag USA, has deployed a mobile Inserma hard‑disk‑drive separation system across the United States. The mobile unit expands the company’s recycling capability, enabling on‑site recovery and qualification programs for data centre, industrial, healthcare, and government customers.
Commercial sales of recovered printed‑circuit‑board material to smelter partners generate revenue that supports the acquisition of magnet‑bearing feedstock. This deployment is part of a broader strategy to create a nationwide rare‑earth magnet recovery platform. A Dallas‑Fort Worth facility is planned to commence operations in 2028, further strengthening feedstock procurement, processing standards, and partnerships within the electronics‑recycling and rare‑earth value chain.
Related Stock Performance (Last 24 h)
| Ticker | Current Price (CAD) | Change | Market Capitalisation (CAD mn) | P/E Ratio |
|---|---|---|---|---|
| GASX.TO (Ng Energy) | 1.00 | +6.52 % | 296.3 | 6.82 |
| ANDC.V (Andina Copper) | 1.04 | 0 % | 287.6 | – |
| TNGD.V (Tiernan Gold) | 5.65 | –4.84 % | 289.2 | – |
| WRLG.V (West Red Lake Gold Mines) | 0.72 | –4.11 % | 298.4 | 20.2 |
| HMM-A.TO (Hammond Manufacturing) | 26.57 | –1.33 % | 300.9 | 16.07 |
Company Profile
Mkango Resources Ltd. specializes in exploring rare earth elements and associated minerals. The company operates in Canada and Malawi and lists on the TSX Venture Exchange. Its official website is www.mkango.ca .