KEFI Gold and Copper (LON:KEFI) Trading 5.9% Higher - Still a Buy?

Key Points

• KEFI Gold and Copper Plc shares rose by 5.9% during trading, reaching a high of GBX 0.84 and closing at GBX 0.79.
• Trading volume increased significantly to 228,671,734 shares, marking a 388% rise from the average session volume.
• The company reported a negative earnings per share (EPS) of -GBX 0.09 and is projected to post -10 EPS for the current year.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report)'s share price traded up 5.9% on Monday . The company traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.79 ($0.01). 228,671,734 shares were traded during trading, an increase of 388% from the average session volume of 46,854,133 shares. The stock had previously closed at GBX 0.75 ($0.01).

KEFI Gold and Copper Price Performance

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 50-day moving average price of GBX 0.58 and a two-hundred day moving average price of GBX 0.56. The firm has a market capitalization of £71.90 million, a price-to-earnings ratio of -862.92 and a beta of 1.53.

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