Kavango Resources (LON:KAV) Stock Price Down 12.5% – Here’s What Happened

Kavango Resources Plc (LON:KAVGet Free Report) shares were down 12.5% during mid-day trading on Wednesday . The stock traded as low as GBX 0.70 and last traded at GBX 0.70. Approximately 259,519 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 1,631,349 shares. The stock had previously closed at GBX 0.80.

Kavango Resources Trading Down 1.7%

The company has a market capitalization of £31.13 million, a P/E ratio of -1.49 and a beta of 0.22. The business has a fifty day moving average price of GBX 0.82 and a 200 day moving average price of GBX 0.79. The company has a quick ratio of 5.87, a current ratio of 4.25 and a debt-to-equity ratio of 1.24.

About Kavango Resources

(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. Kavango Resources Plc operates as a subsidiary of Purebond Ltd.

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