Katanga Mining (TSE:KAT) Trading Down 10%

Katanga Mining Ltd (TSE:KAT) shares were down 10% on Wednesday . The company traded as low as C$0.36 and last traded at C$0.36, approximately 317,032 shares were traded during mid-day trading. An increase of 70% from the average daily volume of 186,260 shares. The stock had previously closed at C$0.40.

The firm has a market cap of $762.95 million and a P/E ratio of -0.84. The company’s fifty day moving average price is C$0.39.

Katanga Mining (TSE:KAT) last issued its earnings results on Wednesday, May 15th. The company reported C($0.12) earnings per share for the quarter. The firm had revenue of C$471.81 million during the quarter. Sell-side analysts predict that Katanga Mining Ltd will post 0.14 EPS for the current fiscal 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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