Kavango Resources (LON:KAV) Stock Price Up 15.3% – Should You Buy?

Kavango Resources Plc (LON:KAV) shares shot up 15.3% during trading on Monday . The company traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.75 ($0.01). 2,930,666 shares traded hands 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 market capitalization of £11.65 million, a PE ratio of -3.19 and a beta of 0.69. The stock’s fifty day simple moving average is GBX 0.77 and its 200-day simple moving average is GBX 1.11. The company has a debt-to-equity ratio of 12.83, a quick ratio of 5.87 and a current ratio of 8.53.

Kavango Resources Company Profile

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.