KEFI Gold and Copper (LON:KEFI) Shares Down 10.8% - Time to Sell?

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)'s stock price traded down 10.8% during mid-day trading on Wednesday . The company traded as low as GBX 0.68 ($0.01) and last traded at GBX 0.71 ($0.01). 283,522,719 shares were traded during mid-day trading, an increase of 488% from the average session volume of 48,254,535 shares. The stock had previously closed at GBX 0.79 ($0.01).

KEFI Gold and Copper Stock Performance

The company has a market capitalization of £72.00 million, a PE ratio of -864.04 and a beta of 1.53. The company has a debt-to-equity ratio of 12.45, a quick ratio of 1.24 and a current ratio of 0.18. The stock's fifty day simple moving average is GBX 0.58 and its 200-day simple moving average is GBX 0.56.

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

KEFI Gold and Copper Company Profile

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.