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Kavango Resources ( (GB:KAV) ) just unveiled an update.
Kavango Resources will issue 36,596,469 new ordinary shares at £0.01 each to Comarton Consultants and six pension funds under the Comarton Managed Pension Funds Investments Consortium, using a Bank of England spot rate of £1 = $1.3382. This third of five agreed tranches raises the Consortium’s combined holding to 179,977,379 shares across thirteen pension funds, with the remaining tranches expected by the end of August 2026.
The new shares will first be admitted to trading on the London Stock Exchange before being transferred to Zimbabwe for secondary listing on the Victoria Falls Stock Exchange, enhancing liquidity and access for local investors. Following admission, Kavango will have 4,402,636,126 ordinary shares in issue, of which 831,177,585 are on the VFEX, consolidating its dual-market presence and providing a clear basis for shareholders to assess and report their voting interests.
Spark’s Take on KAV Stock
According to Spark, TipRanks’ AI Analyst, KAV is a Neutral.
The score is held down primarily by weak financial performance driven by large and widening losses plus heavy cash burn, despite a stronger balance sheet with no reported debt. Technical signals are broadly neutral and do not provide a strong offset. Valuation remains challenged because earnings are negative and dividend support is not evident in the provided data.
To see Spark’s full report on KAV stock, click here.
More about Kavango Resources
Kavango Resources is a mineral exploration company whose shares trade on the Main Market of the London Stock Exchange and are secondarily listed on Zimbabwe’s Victoria Falls Stock Exchange. The company targets investors in both the UK and Zimbabwean markets, including a growing consortium of pension funds that are building a significant stake in its equity.
YTD Price Performance: 17.24%
Average Trading Volume: 1,705,126
Technical Sentiment Signal: Hold
Current Market Cap: £37.11M
For detailed information about KAV stock, go to TipRanks’ Stock Analysis page.