KEFI Gold and Copper (LON:KEFI) Shares Down 6.1% - Should You Sell?

Key Points

• KEFI Gold and Copper Plc shares fell by 6.1%, trading as low as GBX 0.96 during Tuesday's session.
• The company has a market capitalization of £94 million and reports a P/E ratio of -1,128.09, indicating significant financial distress.
• KEFI Gold and Copper is primarily focused on the Tulu Kapi Gold Project in Ethiopia, alongside its exploration of other precious and base metals.

KEFI Gold and Copper Plc (LON:KEFI - ) dropped 6.1% during trading on Tuesday . The company traded as low as GBX 0.96 ($0.01) and last traded at GBX 1.01 ($0.01). Approximately 112,822,875 shares traded hands during trading, an increase of 116% from the average daily volume of 52,272,906 shares. The stock had previously closed at GBX 1.08 ($0.01).

KEFI Gold and Copper Stock Down 7.0%

The stock has a market capitalization of £94.00 million, a P/E ratio of -1,128.09 and a beta of 1.53. The stock's 50 day simple moving average is GBX 0.66 and its 200 day simple moving average is GBX 0.58. The company has a current ratio of 0.18, a quick ratio of 1.24 and a debt-to-equity ratio of 12.45.

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.

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