Kavango Resources (LON:KAV) Trading Up 4% – Should You Buy?

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

Kavango Resources Stock Performance

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

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.