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IN BRIEF: Mkango Resources says no reason for share price spike

ALN

Mkango Resources Ltd - Vancouver, Canada-based company focused on production of recycled rare earth magnets, alloys and oxides - In a stock market filing on Friday, Mkango says it is ‘unaware of any material change’ in operations that would have caused ‘the recent increase in market activity’ of its shares. Mkango says the announcement is in response to a request from the Canadian Investment Regulatory Organization. Mkango shares are up 19% on AIM in London on Friday morning, having more than tripled on the Toronto TSX Ventures Exchange on Thursday.

Current stock price: 65.97 pence

12-month change: multiplied from 5.75p

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