Davenport Resources (ASX:DAV) Shares Up 19.6%

Davenport Resources Ltd (ASX:DAV)’s share price was up 19.6% on Thursday . The company traded as high as A$0.06 ($0.04) and last traded at A$0.06 ($0.04). Approximately 422,908 shares were traded during mid-day trading, an increase of 1,146% from the average daily volume of 33,939 shares. The stock had previously closed at A$0.05 ($0.03).

The firm has a 50 day simple moving average of A$0.05. The stock has a market cap of $7.30 million and a price-to-earnings ratio of -3.40.

In other news, insider Patrick McManus 500,000 shares of the stock in a transaction dated Friday, April 26th.

About Davenport Resources (ASX:DAV)

Davenport Resources Limited explores for and develops mineral properties in Germany. The company primarily explores for potash, copper, and gold deposits. Its principal asset is the South Harz project that includes two exploration licenses located in Thüringen, Germany. Davenport Resources Limited is headquartered in West Perth, Australia.

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