Kavango Resources (LON:KAV) Stock Price Down 5.3% – Should You Sell?

Kavango Resources Plc (LON:KAV) shares fell 5.3% on Friday . The stock traded as low as GBX 0.88 ($0.01) and last traded at GBX 0.90 ($0.01). 2,281,267 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 1,553,644 shares. The stock had previously closed at GBX 0.95 ($0.01).

Kavango Resources Stock Down 5.3 %

The company’s 50 day moving average price is GBX 1.11 and its two-hundred day moving average price is GBX 1.27. The company has a current ratio of 8.53, a quick ratio of 5.87 and a debt-to-equity ratio of 12.83. The firm has a market cap of £14.04 million, a PE ratio of -3.19 and a beta of 0.69.

Kavango Resources Company Profile

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.