KEFI Gold and Copper (LON:KEFI) Trading Up 6.7% - Here's Why

Key Points

• KEFI Gold and Copper's shares rose by 6.7%, closing at GBX 0.80 on Monday, with trading volume significantly increasing to 225.98 million shares.
• The company reported a current ratio of 0.18, a quick ratio of 1.24, and a high debt-to-equity ratio of 12.45, indicating potential liquidity challenges.
• KEFI Gold and Copper focuses on exploring and developing gold and copper deposits, primarily through its Tulu Kapi Gold Project in Ethiopia.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report)'s share price shot up 6.7% on Monday . The stock traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.80 ($0.01). 225,981,250 shares traded hands during mid-day trading, an increase of 382% from the average session volume of 46,838,117 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 firm has a market capitalization of £71.90 million, a PE ratio of -862.92 and a beta of 1.53. The company has a fifty day moving average price of GBX 0.58 and a two-hundred day moving average price of GBX 0.56.

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. Sell-side analysts forecast 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.