KEFI Gold and Copper (LON:KEFI) Trading Up 6.7% - Time to Buy?

Key Points

• KEFI Gold and Copper Plc shares increased by 6.7%, reaching a last trading price of GBX 0.80 ($0.01), with trading volume surging 382% above the average.
• The company's current market capitalization stands at £74.90 million, reflecting a negative PE ratio of -898.88.
• KEFI Gold and Copper focuses primarily on the development of the Tulu Kapi Gold Project in Ethiopia, as well as exploring other mineral deposits in the Arabian-Nubian Shield.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report) shares traded 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 changed 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 Stock Down 0.3%

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 firm has a 50-day moving average of GBX 0.58 and a two-hundred day moving average of GBX 0.56.

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