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Kavango Resources
(LSE:KAV)
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Rating:44Neutral
Price Target:
0.61 p
▼(-6.77% Downside)
Action:Reiterated
Date:10/21/26
The score is primarily held back by weak financial performance—large and widening losses combined with accelerating cash burn. Technical conditions also detract, with the stock in a clear downtrend and negative momentum. These are partially offset by a balance sheet that shows improved equity and no reported debt, which reduces near-term solvency risk.
Positive Factors
Revenue Rebound
The sharp improvement in revenue shows that Kavango has generated greater activity or monetisation from its exploration-focused business. If this higher level can be sustained, it could provide a broader funding base for project advancement and reduce reliance on external capital over time.
Negative Factors
Persistent Losses
Large and widening losses indicate that current activities are not yet generating an economically sustainable earnings base. Continued losses can consume equity, constrain investment in exploration, and make future progress increasingly dependent on successful funding or project monetisation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The sharp improvement in revenue shows that Kavango has generated greater activity or monetisation from its exploration-focused business. If this higher level can be sustained, it could provide a broader funding base for project advancement and reduce reliance on external capital over time.
Read all positive factors
Kavango Resources (KAV) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£27.35M
Dividend YieldN/A
Average Volume (3M)1.03M
Price to Earnings (P/E)―
Beta (1Y)0.55
Revenue Growth388.51%
EPS Growth58.82%
CountryUK
Employees198
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding4,558,531,700
10 Day Avg. Volume2,605,913
30 Day Avg. Volume1,032,322
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.41
Price to Sales (P/S)17.22
P/FCF Ratio-2.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kavango Resources Business Overview & Revenue Model
Company Description
Headquartered in London, United Kingdom, Kavango Resources Plc is an exploration company, operating through its subsidiaries, focused on uncovering valuable metal deposits across Botswana. The firm actively searches for a range of resources, inclu...
How the Company Makes Money
Kavango Resources does not operate as a conventional product- or service-selling business; its core economic model is typical of an exploration-stage mining company. The company’s potential routes to generating cash returns are: (1) Monetising exp...
Kavango Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.29M | 1.75M | 445.00K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.40M | -10.27M | -39.00K | 0.00 | 0.00 | 0.00 |
| EBITDA | -6.95M | -13.01M | -8.40M | -3.20M | 0.00 | 0.00 |
| Net Income | -10.65M | -15.25M | -8.66M | -3.29M | -2.21M | -1.74M |
Balance Sheet | ||||||
| Total Assets | 31.76M | 23.17M | 19.01M | 19.64M | 13.27M | 8.09M |
| Cash, Cash Equivalents and Short-Term Investments | 5.64M | 4.70M | 1.52M | 3.77M | 2.27M | 2.52M |
| Total Debt | 0.00 | 265.00K | 4.76M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.60M | 1.63M | 5.47M | 1.28M | 571.00K | 299.00K |
| Stockholders Equity | 29.97M | 21.36M | 13.35M | 18.17M | 12.70M | 7.79M |
Cash Flow | ||||||
| Free Cash Flow | -11.24M | -12.61M | -9.54M | -5.86M | -1.63K | -1.58K |
| Operating Cash Flow | -9.17M | -11.67M | -5.77M | -2.28M | -1.56K | -1.33K |
| Investing Cash Flow | -7.42M | -1.89M | -4.96M | -4.02M | -2.60M | -2.55M |
| Financing Cash Flow | 18.83M | 17.13M | 8.52M | 7.34M | 4.33M | 4.02M |
Kavango Resources Technical Analysis
Negative
0.65
Price Trends
0.67
Negative
0.69
Negative
0.75
Negative
Market Momentum
-0.02
Positive
14.13
Positive
10.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KAV, the sentiment is Negative. The current price of 0.65 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.67, and below the 200-day MA of 0.75, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 14.13 is Positive, neither overbought nor oversold. The STOCH value of 10.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:KAV.
Kavango Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | £91.59M | -473.68 | -6.57% | ― | ― | ― | |
50 Neutral | £25.56M | -2.92 | -22.32% | ― | ― | 65.32% | |
47 Neutral | £20.85M | -7.76 | -12.58% | ― | ― | -3.57% | |
46 Neutral | £12.75M | -2.77 | -14.52% | ― | ― | ― | |
44 Neutral | £27.35M | -2.87 | -41.48% | ― | 388.51% | 58.82% |
* Basic Materials Sector Average
GB:KAV
Kavango Resources
0.60
-0.22
-27.27%
GB:KDNC
Cadence Minerals
4.50
0.75
20.00%
GB:POW
Power Metal Resources Plc
10.10
-2.90
-22.31%
GB:CRTM
Critical Metals Plc
90.00
80.00
800.00%
GB:CTL
CleanTech Lithium PLC
7.00
1.25
21.74%
Kavango Resources Corporate Events
Regulatory Filings and ComplianceShareholder Meetings
Kavango Resources Calls November General Meeting and Publishes Notice
Neutral
Oct 20, 2026
Kavango Resources has called a General Meeting for 16 November 2026 at its solicitors’ offices in London, with a formal notice and proxy form being posted to shareholders. The company will provide a webcast for virtual viewing, though partic...
Regulatory Filings and Compliance
Kavango Resources Confirms Updated Total Voting Rights
Neutral
Sep 30, 2026
Kavango Resources plc has confirmed that, as of 14 September 2026, it has 4,558,531,619 ordinary shares in issue, each carrying one vote, with 987,073,078 of these shares secondary listed on the Victoria Falls Stock Exchange. The company holds no ...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Kavango lifts H1 revenue as Hillside gold project advances
Positive
Sep 23, 2026
Kavango Resources reported a sharp rise in revenue to US$2.0 million and a swing to gross profit in the first half of 2026, driven by higher processing volumes at its Hillside Gold Project in Zimbabwe. The company continued to expand its Zimbabwe ...
Business Operations and StrategyExecutive/Board Changes
Kavango Resources names Jasper Musadaidzwa as CEO to drive Zimbabwe growth
Positive
Sep 7, 2026
Kavango Resources has appointed Zimbabwean mining executive Jasper Musadaidzwa as Chief Executive Officer and Executive Director, effective immediately, as it seeks to scale its Zimbabwe-focused gold and metals operations. Musadaidzwa brings more ...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Kavango Issues New Shares to Pension Funds, Expands VFEX Presence
Positive
Sep 3, 2026
Kavango Resources will issue 1,984,152 new ordinary shares at £0.01 each to six pension funds within the Comarton Managed Pension Funds Investments Consortium, raising gross proceeds of about USD 27,050 before expenses. This fifth tranche lif...
Regulatory Filings and Compliance
Kavango Resources Confirms Total Voting Rights and Share Capital Structure
Neutral
Aug 28, 2026
Kavango Resources plc has confirmed that, as of 17 August 2026, it has 4,556,547,467 ordinary shares in issue, all carrying one vote each, with 985,088,926 of these shares secondary listed on the Victoria Falls Stock Exchange. The company holds no...
Business Operations and StrategyPrivate Placements and Financing
Kavango Raises Capital via Pension Fund Placement and Expands VFEX Presence
Positive
Aug 7, 2026
Kavango Resources will issue 31,286,126 new ordinary shares at £0.01 each to ten pension funds under the Comarton Managed Pension Funds Investments Consortium, raising gross proceeds of about $418,452 before expenses. This fourth of five agre...
Business Operations and Strategy
Kavango begins commissioning 50tpd gold plant at Zimbabwe’s Hillside project
Positive
Aug 3, 2026
Kavango Resources has completed installation and begun commissioning of a 50 tonne per day gold processing plant at its Hillside project in Zimbabwe, marking a shift from construction to live processing. The plant is handling stockpiled and freshl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.