KEFI Gold and Copper (LON:KEFI) Shares Up 5.9% - Time to Buy?

Key Points

• KEFI Gold and Copper shares surged 5.9% on Monday, reaching a trading high of GBX 0.84 ($0.01) and a close at GBX 0.79 ($0.01).
• The company has a significant debt-to-equity ratio of 12.45 and reported a quarterly EPS loss of GBX (0.09) with forecasts of -10 EPS for the current year.
• KEFI focuses on developing gold and copper deposits, primarily through its Tulu Kapi Gold Project located in Ethiopia.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report)'s share price shot up 5.9% on Monday . The stock 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 Stock Up 5.9%

The firm has a 50 day simple moving average of GBX 0.57 and a two-hundred day simple moving average of GBX 0.55. 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 has a market cap of £74.34 million, a P/E ratio of -892.13 and a beta of 1.53.

KEFI Gold and Copper (LON:KEFI - Get Free Report) last posted its quarterly earnings data on Friday, June 6th. The company reported GBX (0.09) EPS for the quarter. Equities research analysts predict that KEFI Gold and Copper Plc will post -10 earnings per share for the current year.

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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