Kavango Resources (LON:KAV) Stock Price Down 0.9% – Here’s What Happened

Shares of Kavango Resources Plc (LON:KAVGet Free Report) dropped 0.9% during mid-day trading on Tuesday . The company traded as low as GBX 0.80 and last traded at GBX 0.84. Approximately 381,554 shares were traded during trading, a decline of 84% from the average daily volume of 2,453,335 shares. The stock had previously closed at GBX 0.85.

Kavango Resources Stock Performance

The stock has a market cap of £30.60 million, a PE ratio of -1.24 and a beta of 0.69. The stock has a fifty day moving average price of GBX 0.74 and a 200 day moving average price of GBX 0.87.

Insider Transactions at Kavango Resources

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

Kavango Resources Company Profile

(Get Free Report)

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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