Kavango Resources (LON:KAV) Trading 15.3% Higher – Here’s Why

Shares of Kavango Resources Plc (LON:KAVGet Free Report) shot up 15.3% during trading on Monday . The stock traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.75 ($0.01). 2,930,666 shares were traded during trading, an increase of 77% from the average session volume of 1,658,726 shares. The stock had previously closed at GBX 0.65 ($0.01).

Kavango Resources Stock Performance

The company has a current ratio of 8.53, a quick ratio of 5.87 and a debt-to-equity ratio of 12.83. The company has a market cap of £11.89 million, a PE ratio of -3.19 and a beta of 0.69. The business’s 50 day moving average is GBX 0.76 and its two-hundred day moving average is GBX 1.09.

Kavango Resources Company Profile

(Get Free Report)

Kavango Resources Plc, together with its subsidiaries, engages in the exploration of base and precious metals in Botswana and Zimbabwe. It explores for nickel, copper, silver, platinum, iron, gold, uranium, and rare earth deposits. The company was incorporated in 2017 and is based in London, the United Kingdom.

Further Reading

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