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Mkango Resources

TSXV:MKA
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MKA
TSXV
CA$14M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

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. The last earnings update was 143 days ago. More info.


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  • Mkango Resources has significant price volatility in the past 3 months.
MKA Share Price and Events
7 Day Returns
-11.1%
TSXV:MKA
-2.4%
CA Metals and Mining
0.6%
CA Market
1 Year Returns
-7.7%
TSXV:MKA
-7.1%
CA Metals and Mining
3.6%
CA Market
MKA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mkango Resources (MKA) -11.1% -22.6% -25% -7.7% 100% -70.4%
CA Metals and Mining -2.4% -0.5% 8.7% -7.1% -4.2% -18.2%
CA Market 0.6% 1.9% 8.1% 3.6% 14.8% 6.7%
1 Year Return vs Industry and Market
  • MKA underperformed the Market in Canada which returned 3.6% over the past year.
Price Volatility
MKA
Industry
5yr Volatility vs Market

Value

 Is Mkango Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Mkango Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.12.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mkango Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mkango Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:MKA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.06
TSXV:MKA Share Price ** TSXV (2019-04-18) in CAD CA$0.12
TSXV:MKA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.748 $0.09
Canada Metals and Mining Industry PE Ratio Median Figure of 113 Publicly-Listed Metals and Mining Companies 13.52x
Canada Market PE Ratio Median Figure of 554 Publicly-Listed Companies 15.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mkango Resources.

TSXV:MKA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:MKA Share Price ÷ EPS (both in USD)

= 0.09 ÷ -0.06

-1.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mkango Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Mkango Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Mkango Resources's expected growth come at a high price?
Raw Data
TSXV:MKA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 33 Publicly-Listed Metals and Mining Companies 0.79x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mkango Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mkango Resources's assets?
Raw Data
TSXV:MKA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.05
TSXV:MKA Share Price * TSXV (2019-04-18) in CAD CA$0.12
TSXV:MKA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.748 $0.09
Canada Metals and Mining Industry PB Ratio Median Figure of 1,082 Publicly-Listed Metals and Mining Companies 1.35x
Canada Market PB Ratio Median Figure of 2,370 Publicly-Listed Companies 1.51x
TSXV:MKA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:MKA Share Price ÷ Book Value per Share (both in USD)

= 0.09 ÷ 0.05

1.67x

* Primary Listing of Mkango Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mkango Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Mkango Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Mkango Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mkango Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mkango Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
36.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mkango Resources expected to grow at an attractive rate?
  • Unable to compare Mkango Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mkango Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Mkango Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:MKA Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 36.2%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.4%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:MKA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:MKA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 -4 -7
2018-06-30 -2 -4
2018-03-31 -1 -3
2017-12-31 -1 -3
2017-09-30 -1 0
2017-06-30 -1 -1
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 -1 -2
2016-06-30 -1 -1
2016-03-31 -1 0
2015-12-31 -1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mkango Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Mkango Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:MKA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mkango Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MKA Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.06
2018-06-30 -0.04
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 0.00
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.01
2016-09-30 -0.04
2016-06-30 -0.03
2016-03-31 0.01
2015-12-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mkango Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of MKA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Mkango Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Mkango Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mkango Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mkango Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mkango Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mkango Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mkango Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Mkango Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mkango Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Mkango Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mkango Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MKA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -6.56 5.31 0.29
2018-06-30 -4.35 2.89 0.28
2018-03-31 -2.86 2.07
2017-12-31 -2.53 1.38
2017-09-30 -0.36 1.25
2017-06-30 -0.69 1.29
2017-03-31 -1.13 1.24
2016-12-31 -0.86 1.14
2016-09-30 -1.72 1.03
2016-06-30 -1.38 0.91
2016-03-31 0.49 0.89
2015-12-31 0.53 0.90
2015-09-30 2.90 1.20
2015-06-30 0.20 1.61
2015-03-31 -2.13 2.28
2014-12-31 -2.31 2.52
2014-09-30 -4.55 2.65
2014-06-30 -2.25 2.45
2014-03-31 -1.91 2.20
2013-12-31 -1.90 2.14
2013-09-30 -2.21 2.14
2013-06-30 -2.06 2.13
2013-03-31 -1.68 2.38
2012-12-31 -2.86 3.75
2012-09-30 -1.93 3.29
2012-06-30 -3.12 4.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mkango Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mkango Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mkango Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mkango Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mkango Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mkango Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mkango Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mkango Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mkango Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mkango Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 396.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mkango Resources Company Filings, last reported 6 months ago.

TSXV:MKA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2.28 0.01 4.52
2018-06-30 4.92 0.01 6.88
2018-03-31 6.87 0.01 8.56
2017-12-31 -1.25 0.01 0.69
2017-09-30 -0.58 0.02 0.34
2017-06-30 -1.18 0.02 0.50
2017-03-31 -0.88 0.01 0.67
2016-12-31 -0.44 0.03 0.39
2016-09-30 -2.60 0.00 0.49
2016-06-30 -2.26 0.03 1.12
2016-03-31 -1.02 0.03 0.09
2015-12-31 -0.73 0.03 0.21
2015-09-30 -0.47 0.05 0.33
2015-06-30 -0.62 0.05 0.06
2015-03-31 -1.86 0.04 0.06
2014-12-31 -1.68 0.01 0.16
2014-09-30 -3.86 0.01 0.52
2014-06-30 -1.26 0.03 1.27
2014-03-31 -0.15 0.00 1.43
2013-12-31 0.30 0.01 0.44
2013-09-30 0.30 0.00 1.07
2013-06-30 0.75 0.00 1.42
2013-03-31 0.68 0.00 0.93
2012-12-31 0.30 0.00 0.32
2012-09-30 0.61 0.02 0.65
2012-06-30 0.90 0.02 1.13
  • Mkango Resources's level of debt (0.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Mkango Resources has less than a year of cash runway based on current free cash flow.
  • Mkango Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 54.3% each year.
X
Financial health checks
We assess Mkango Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mkango Resources has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mkango Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mkango Resources dividends.
If you bought CA$2,000 of Mkango Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mkango Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mkango Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:MKA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mkango Resources has not reported any payouts.
  • Unable to verify if Mkango Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mkango Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mkango Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mkango Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mkango Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mkango Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mkango Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
William Dawes
COMPENSATION $136,615
TENURE AS CEO 8.3 years
CEO Bio

Mr. William Dawes is a graduate of Bristol University (BSc Geology) and Royal School of Mines, Imperial College, London (MSc Mineral Exploration with distinction). Having trained as a geologist in South Africa, he worked as a mining analyst based in London and then for Rio Tinto's exploration division. Subsequently, he gained significant global mining transaction experience in the metals and mining team of Robert Fleming & Co, Chase Manhattan Bank and JPMorgan. Mr. Dawes is a Director of Mkango Resources Limited since December 20, 2010. He serves as Director of Leominex, and since 2004 has been involved in the exploration and evaluation of a variety of projects throughout Central Asia, the Middle East and Africa. He has 13 years' experience in exploration and business development and 9 years in mining finance, mergers and acquisitions. He is a Fellow of the Geological Society, a Professional Member of the Institute of Materials, Minerals and Mining and holds the Chartered Financial Analyst designation. He has been an Executive Director of Leo Mining & Exploration Limited and of Lancaster since September 2007.

CEO Compensation
  • William's compensation has been consistent with company performance over the past year.
  • William's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Mkango Resources management team in years:

8.3
Average Tenure
  • The average tenure for the Mkango Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

William Dawes

TITLE
Co-Founder
COMPENSATION
$137K
TENURE
8.3 yrs

Alex Lemon

TITLE
Co-Founder
COMPENSATION
$137K
TENURE
8.3 yrs

Sandra Evans

TITLE
Chief Financial Officer
COMPENSATION
$35K
AGE
59
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the Mkango Resources board of directors in years:

5.3
Average Tenure
61
Average Age
  • The tenure for the Mkango Resources board of directors is about average.
Board of Directors

Derek Linfield

TITLE
Chairman of the Board
COMPENSATION
$17K
AGE
61
TENURE
5.3 yrs

William Dawes

TITLE
Co-Founder
COMPENSATION
$137K
TENURE
8.3 yrs

Alex Lemon

TITLE
Co-Founder
COMPENSATION
$137K
TENURE
8.3 yrs

Adrian Reynolds

TITLE
Director
COMPENSATION
$10K
AGE
63
TENURE
7.8 yrs

Susan Muir

TITLE
Non-Executive Director
AGE
61
TENURE
0.7 yrs

Sandra du Toit

TITLE
Non-Executive Director
AGE
43
TENURE
0.7 yrs

Shaun Treacy

TITLE
Non-Executive Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
12. Sep 18 Buy Susan Muir Individual 11. Sep 18 11. Sep 18 12,000 CA$0.19 CA$2,195
11. Sep 18 Buy Derek Linfield Individual 11. Sep 18 11. Sep 18 100,000 CA$0.18 CA$18,000
12. Sep 18 Buy Derek Linfield Individual 12. Sep 18 12. Sep 18 100,000 CA$0.18 CA$18,000
X
Management checks
We assess Mkango Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mkango Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could Mkango Resources Ltd.'s (CVE:MKA) Investor Composition Influence The Stock Price?

Generally speaking, as a company grows, institutions will increase their ownership. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Mkango Resources is a smaller company with a market capitalization of CA$21m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Could Mkango Resources Ltd's (CVE:MKA) Investor Composition Influence The Stock Price?

The big shareholder groups in Mkango Resources Ltd (CVE:MKA) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Mkango Resources is a smaller company with a market capitalization of CA$17m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Who Owns Most Of Mkango Resources Ltd (CVE:MKA)?

In this analysis, my focus will be on developing a perspective on Mkango Resources Ltd’s (CVE:MKA) latest ownership structure, a less discussed, but important factor. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … View out our latest analysis for Mkango Resources

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What You Must Know About Mkango Resources Ltd's (CVE:MKA) Major Investors

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: Institutional ownership in MKA is not at a level that would concern investors.

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Can Mkango Resources Ltd (CVE:MKA) Improve Your Portfolio Returns?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … MKA's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … I test MKA’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint.

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Does Mkango Resources Ltd's (CVE:MKA) CEO Salary Compared Well With Others?

Check out our latest analysis for Mkango Resources What has MKA's performance been like? … Therefore I will use earnings as a proxy of Dawes's performance in the past year. … Typically I'd use market cap and profit as factors determining performance, however, MKA's negative earnings reduces the effectiveness of this method.

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Basic Materials Industry Trends And Its Impact On Mkango Resources Ltd (TSXV:MKA)

Moreover, the basic materials sector can be affected by shifts in the housing market, as many produced raw materials are components of construction projects. … TSXV:MKA PE PEG Gauge Nov 15th 17 The metals and mining industry is trading at a PE ratio of 11x, lower than the rest of the Canadian stock market PE of 17x. … If MKA has been on your watchlist for a while, now may be the time to enter into the stock, if you like its ability to deliver growth and are not highly concentrated in the metals and mining industry.

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Company Info

Description

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 explores for uranium, niobium, tantalum, zircon, nickel, and cobalt ores. The company’s principal project is the Songwe Hill property within the Phalombe exploration license, which covers an area of 849.1 square kilometers located in southeast Malawi. Mkango Resources Ltd. is headquartered in Vancouver, Canada.

Details
Name: Mkango Resources Ltd.
MKA
Exchange: TSXV
Founded:
CA$13,748,484
114,570,702
Website: http://www.mkango.ca
Address: Mkango Resources Ltd.
550 Burrard Street,
Suite 2900,
Vancouver,
British Columbia, V6C 0A3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV MKA Common Shares TSX Venture Exchange CA CAD 07. Jan 2011
BST ZMK Common Shares Boerse-Stuttgart DE EUR 07. Jan 2011
AIM MKA Common Shares London Stock Exchange AIM Market GB GBP 07. Jan 2011
LSE MKA NPV(POST CONSOLIDATION) London Stock Exchange GB GBP 19. Apr 2019
Number of employees
Current staff
Staff numbers
0
Mkango Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 00:24
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/11/27
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.