KEFI Gold and Copper (LON:KEFI) Shares Down 10.8% - What's Next?

Key Points

• KEFI Gold and Copper's shares dropped 10.8% during mid-day trading, with the stock priced at GBX 0.71 after having previously closed at GBX 0.79.
• The company reported a quick ratio of 1.24 and a current ratio of 0.18, with a significant debt-to-equity ratio of 12.45.
• KEFI Gold and Copper is primarily focused on developing the Tulu Kapi Gold Project in Ethiopia and has changed its name from Kefi Minerals Plc since August 2020.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report) shares dropped 10.8% on Wednesday . The company traded as low as GBX 0.68 ($0.01) and last traded at GBX 0.71 ($0.01). Approximately 283,522,719 shares changed hands during mid-day trading, an increase of 488% from the average daily volume of 48,254,535 shares. The stock had previously closed at GBX 0.79 ($0.01).

KEFI Gold and Copper Stock Down 0.3%

The company has a market cap of £71.90 million, a price-to-earnings ratio of -862.92 and a beta of 1.53. The company has a current ratio of 0.18, a quick ratio of 1.24 and a debt-to-equity ratio of 12.45. The business has a fifty day moving average price of GBX 0.58 and a two-hundred day moving average price of GBX 0.56.

KEFI Gold and Copper (LON:KEFI - Get Free Report) last issued its earnings results on Friday, June 6th. The company reported GBX (0.09) earnings per share for the quarter. On average, equities analysts predict that KEFI Gold and Copper Plc will post -10 earnings per share for the current year.

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.