Kavango Resources (LON:KAV) Shares Up 4% – Here’s What Happened

Shares of Kavango Resources Plc (LON:KAV) traded up 4% during mid-day trading on Wednesday . The stock traded as high as GBX 0.65 ($0.01) and last traded at GBX 0.65 ($0.01). 2,017,553 shares were traded during trading, an increase of 23% from the average session volume of 1,645,208 shares. The stock had previously closed at GBX 0.63 ($0.01).

Kavango Resources Stock Performance

The stock has a market cap of £10.53 million, a P/E ratio of -3.19 and a beta of 0.69. The company has a debt-to-equity ratio of 12.83, a quick ratio of 5.87 and a current ratio of 8.53. The company has a 50-day simple moving average of GBX 0.81 and a 200-day simple moving average of GBX 1.14.

About Kavango Resources

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.