Kavango Resources Plc (LON:KAV – Get Free Report) rose 7.1% during trading on Tuesday . The stock traded as high as GBX 0.75 and last traded at GBX 0.75. Approximately 5,774,237 shares were traded during trading, an increase of 101% from the average daily volume of 2,868,617 shares. The stock had previously closed at GBX 0.70.
Kavango Resources Stock Performance
The firm has a fifty day simple moving average of GBX 0.70 and a 200-day simple moving average of GBX 0.91. The firm has a market cap of £28.71 million, a price-to-earnings ratio of -1.16 and a beta of 0.69.
Insider Transactions at Kavango Resources
In related news, insider Peter Wynter Bee acquired 4,502,662 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was purchased at an average cost of GBX 1 per share, for a total transaction of £45,026.62. 5.03% of the stock is owned by company insiders.
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. Kavango Resources Plc operates as a subsidiary of Purebond Ltd.
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