KEFI Gold and Copper (LON:KEFI) Trading 15.6% Higher - Here's Why

Key Points

• KEFI Gold and Copper Plc shares experienced a significant increase of 15.6%, trading at GBX 1.08 ($0.01) after previously closing at GBX 0.93 ($0.01).
• The trading volume surged to approximately 212.95 million shares, marking an increase of 311% compared to the average daily volume.
• KEFI focuses on the exploration and development of gold and copper deposits in the Arabian-Nubian Shield, primarily developing the Tulu Kapi Gold Project in Ethiopia.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report) shot up 15.6% during mid-day trading on Monday . The stock traded as high as GBX 1.09 ($0.01) and last traded at GBX 1.08 ($0.01). 212,954,156 shares were traded during trading, an increase of 311% from the average session volume of 51,782,992 shares. The stock had previously closed at GBX 0.93 ($0.01).

KEFI Gold and Copper Trading Up 15.6%

The company has a fifty day simple moving average of GBX 0.66 and a 200-day simple moving average of 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. The stock has a market cap of £101.12 million, a price-to-earnings ratio of -1,213.48 and a beta of 1.53.

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.