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

Key Points

• KEFI Gold and Copper Plc shares fell by 10.8% during mid-day trading, reaching a low of GBX 1.16 ($0.02) before closing at GBX 1.29 ($0.02).
• The company's earnings were reported at GBX (0.05) per share, with analysts forecasting a total of -10 EPS for the current year.
• KEFI focuses on the exploration and development of gold and copper deposits, primarily through its Tulu Kapi Gold Project in Ethiopia.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report) traded down 10.8% during mid-day trading on Friday . The stock traded as low as GBX 1.16 ($0.02) and last traded at GBX 1.29 ($0.02). 149,320,219 shares traded hands during mid-day trading, an increase of 162% from the average session volume of 56,952,773 shares. The stock had previously closed at GBX 1.44 ($0.02).

KEFI Gold and Copper Trading Down 11.8%

The firm's 50 day moving average price is GBX 0.82 and its 200-day moving average price is GBX 0.64. The stock has a market cap of £119.78 million, a P/E ratio of -3,256.41 and a beta of 1.53. The company has a debt-to-equity ratio of 12.45, a current ratio of 0.18 and a quick ratio of 1.24.

KEFI Gold and Copper (LON:KEFI - Get Free Report) last issued its earnings results on Tuesday, September 30th. The company reported GBX (0.05) earnings per share (EPS) for the quarter. As a group, equities research analysts forecast 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.

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