Kavango Resources Plc (LON:KAV – Get Free Report)’s share price traded up 7.1% during trading on Tuesday . The company traded as high as GBX 0.75 and last traded at GBX 0.75. 5,774,237 shares were traded during trading, an increase of 101% from the average session volume of 2,868,617 shares. The stock had previously closed at GBX 0.70.
Kavango Resources Stock Up 8.6%
The stock has a market capitalization of £34.53 million, a price-to-earnings ratio of -1.40 and a beta of 0.69. The stock has a 50 day moving average price of GBX 0.71 and a 200 day moving average price of GBX 0.90.
Insider Buying and Selling at Kavango Resources
In other news, insider Peter Wynter Bee bought 4,502,662 shares of the stock in a transaction dated Wednesday, January 7th. The shares were bought at an average cost of GBX 1 per share, with a total value of £45,026.62. Corporate insiders own 5.03% 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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