Katanga Mining (TSE:KAT) Shares Down 5.7%

Katanga Mining Ltd (TSE:KAT)’s share price traded down 5.7% during mid-day trading on Thursday . The stock traded as low as C$0.33 and last traded at C$0.33, 316,258 shares traded hands during mid-day trading. An increase of 77% from the average session volume of 178,450 shares. The stock had previously closed at C$0.35.

The stock has a market cap of $667.58 million and a P/E ratio of -0.98. The company’s fifty day simple moving average is C$0.40 and its 200-day simple moving average is C$0.41.

Katanga Mining (TSE:KAT) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C($0.13) earnings per share (EPS) for the quarter. The business had revenue of C$402.76 million for the quarter. Analysts anticipate that Katanga Mining Ltd will post 0.14 earnings per share for the current year.

Katanga Mining Company Profile (TSE:KAT)

Katanga Mining Limited, through its subsidiaries, engages in the copper and cobalt mining, and related activities in the Democratic Republic of Congo. It is involved in the exploration, mining, refurbishment, rehabilitation, development, and operation of the Kamoto/Mashamba East mining complex; the Kamoto Oliveira Virgule copper and cobalt mine; T17 open pit and underground mines; various oxide open pit resources; the Kamoto concentrator; and the Luilu metallurgical plant.

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