Kavango Resources (LON:KAV) Shares Down 0.9% – Should You Sell?

Shares of Kavango Resources Plc (LON:KAV) fell 0.9% during trading on Tuesday . The stock traded as low as GBX 0.80 and last traded at GBX 0.84. 381,554 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 2,453,335 shares. The stock had previously closed at GBX 0.85.

Kavango Resources Price Performance

The stock has a 50-day moving average price of GBX 0.74 and a two-hundred day moving average price of GBX 0.87. The stock has a market cap of £30.60 million, a PE ratio of -1.24 and a beta of 0.69.

Insiders Place Their Bets

In other news, insider Peter Wynter Bee acquired 4,502,662 shares of Kavango Resources stock in a transaction on Wednesday, January 7th. The shares were acquired at an average price of GBX 1 per share, with a total value of £45,026.62. 9.99% of the stock is owned by corporate insiders.

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.