KEFI Gold and Copper (LON:KEFI) Trading 9.2% Higher - Here's What Happened

Key Points

• KEFI Gold and Copper's shares rose by 9.2% on Monday, with trading volume increasing by 278% compared to the average session.
• The company reported a quarterly EPS of GBX (0.09) and is projected to have earnings of -10 EPS for the current fiscal year.
• KEFI Gold and Copper focuses on the exploration and development of gold and copper deposits, particularly the Tulu Kapi Gold Project in Ethiopia.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report)'s share price was up 9.2% during trading on Monday . The stock traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.82 ($0.01). Approximately 176,049,109 shares changed hands during mid-day trading, an increase of 278% from the average daily volume of 46,540,902 shares. The stock had previously closed at GBX 0.75 ($0.01).

KEFI Gold and Copper Stock 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 stock has a market cap of £72.09 million, a P/E ratio of -865.17 and a beta of 1.53. The company's 50-day simple moving average is GBX 0.57 and its 200 day simple moving average is GBX 0.55.

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