KEFI Gold and Copper (LON:KEFI) Shares Up 9.2% - What's Next?

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) shot up 9.2% during mid-day trading on Monday . The stock traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.82 ($0.01). 176,049,109 shares were traded during mid-day trading, an increase of 278% from the average session volume of 46,540,902 shares. The stock had previously closed at GBX 0.75 ($0.01).

KEFI Gold and Copper Stock Down 0.3%

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 company has a market capitalization of £71.90 million, a price-to-earnings ratio of -862.92 and a beta of 1.53. The firm's 50-day simple moving average is GBX 0.58 and its 200-day simple moving average is GBX 0.56.

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