Kavango Resources (LON:KAV) Stock Price Down 9.9% – What’s Next?

Kavango Resources Plc (LON:KAV) shares were down 9.9% on Wednesday . The company traded as low as GBX 0.86 and last traded at GBX 0.86. Approximately 1,715,164 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 2,010,247 shares. The stock had previously closed at GBX 0.95.

Kavango Resources Price Performance

The firm has a market capitalization of £31.11 million, a P/E ratio of -1.26 and a beta of 0.69. The stock’s 50-day simple moving average is GBX 0.84 and its two-hundred 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.