Kavango Resources Plc (LON:KAV – Get Free Report) shares were up 18% during mid-day trading on Friday . The company traded as high as GBX 0.89 and last traded at GBX 0.89. Approximately 475,988 shares traded hands during trading, a decline of 79% from the average daily volume of 2,274,492 shares. The stock had previously closed at GBX 0.75.
Kavango Resources Price Performance
The firm’s 50-day moving average price is GBX 0.79 and its 200-day moving average price is GBX 0.86. The stock has a market cap of £32.71 million, a P/E ratio of -1.32 and a beta of 0.69.
Insider Transactions at Kavango Resources
In related news, insider Peter Wynter Bee purchased 4,502,662 shares of Kavango Resources stock in a transaction on Wednesday, January 7th. The shares were bought at an average cost of GBX 1 per share, for a total transaction of £45,026.62. Corporate insiders own 9.99% of the company’s stock.
About Kavango Resources
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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