KEFI Gold and Copper (LON:KEFI) Shares Cross Below 200 Day Moving Average - Should You Sell?

Key Points

• KEFI shares dipped below their 200-day moving average, trading as low as GBX 1.44 versus a 200-day MA of GBX 1.46 and last at GBX 1.49 on a volume of 57,149,609 shares (the stock was noted as up 2.3%).
• The company has a market cap of £173.05 million, a negative PE of -39.13 and a beta of 1.71, with a 50-day moving average of GBX 1.51.
• KEFI focuses on exploration and development in the Arabian-Nubian Shield, primarily advancing the Tulu Kapi Gold Project in Ethiopia.

Shares of KEFI Gold and Copper Plc (LON:KEFI - ) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.46 and traded as low as GBX 1.44. KEFI Gold and Copper shares last traded at GBX 1.49, with a volume of 57,149,609 shares traded.

KEFI Gold and Copper Stock Up 2.3%

The company has a market cap of £173.05 million, a PE ratio of -39.13 and a beta of 1.71. The stock has a 50-day moving average of GBX 1.51 and a 200-day moving average of GBX 1.46.

About KEFI Gold and Copper

KEFI Gold and Copper Plc engages in the exploration and development of gold and copper deposits in the Arabian-Nubian Shield. The company primarily focuses on developing the Tulu Kapi Gold Project located in Ethiopia. It also explores for precious and base metals, and other minerals. The company was formerly known as Kefi Minerals Plc and changed its name to KEFI Gold and Copper Plc in August 2020. KEFI Gold and Copper Plc was incorporated in 2006 and is headquartered in Nicosia, Cyprus.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.