Kavango Resources (LON:KAV) Shares Up 15.3% – Still a Buy?

Kavango Resources Plc (LON:KAVGet Free Report)’s stock price shot up 15.3% 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 traded hands during mid-day 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 debt-to-equity ratio of 12.83, a quick ratio of 5.87 and a current ratio of 8.53. The firm’s 50 day moving average price is GBX 0.76 and its two-hundred day moving average price is GBX 1.09. The firm has a market cap of £11.89 million, a PE ratio of -3.19 and a beta of 0.69.

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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