Kavango Resources (LON:KAV) Stock Price Up 16.1% – Here’s What Happened

Shares of Kavango Resources Plc (LON:KAV) shot up 16.1% during trading on Friday . The company traded as high as GBX 0.90 and last traded at GBX 0.90. 1,460,113 shares changed hands during trading, a decline of 32% from the average session volume of 2,139,124 shares. The stock had previously closed at GBX 0.78.

Kavango Resources Stock Performance

The firm has a market capitalization of £34.09 million, a PE ratio of -1.38 and a beta of 0.69. The company’s 50 day simple moving average is GBX 0.82 and its 200-day simple moving average is GBX 0.80.

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.