Kavango Resources Plc (LON:KAV – Get Free Report)’s share price rose 8.8% during mid-day trading on Thursday . The company traded as high as GBX 0.93 ($0.01) and last traded at GBX 0.93 ($0.01). Approximately 3,891,381 shares changed hands during trading, an increase of 144% from the average daily volume of 1,594,633 shares. The stock had previously closed at GBX 0.85 ($0.01).
Kavango Resources Stock Performance
The stock’s fifty day simple moving average is GBX 0.70 and its 200-day simple moving average is GBX 0.69. The company has a market capitalization of £12.12 million, a price-to-earnings ratio of -3.19 and a beta of 0.66. The company has a current ratio of 5.67, a quick ratio of 5.87 and a debt-to-equity ratio of 12.83.
About Kavango Resources
Kavango Resources Plc, together with its subsidiaries, engages in the exploration of base and precious metals in Botswana. The company explores for nickel, copper, silver, platinum, iron, gold, uranium, and rare earth deposits. It owns 100% interest in the Kalahari Suture Zone project located in the southwestern of Botswana; and the Kalahari Copper Belt project located in northeast Botswana.
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