KEFI Gold and Copper (LON:KEFI) Trading 5.9% Higher - Here's Why

Key Points

• KEFI Gold and Copper's stock rose 5.9% in mid-day trading, reaching a high of GBX 0.84, and traded 388% more than its average daily volume.
• The company's market capitalization is £74.34 million, with a PE ratio of -892.13 and a significant debt-to-equity ratio of 12.45.
• KEFI Gold and Copper focuses on exploring and developing gold and copper deposits, particularly the Tulu Kapi Gold Project in Ethiopia.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report) shot up 5.9% during mid-day trading 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 traded hands during mid-day 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 Down 0.3%

The company has a market cap of £71.90 million, a PE ratio of -862.92 and a beta of 1.53. The company has a quick ratio of 1.24, a current ratio of 0.18 and a debt-to-equity ratio of 12.45. The firm's fifty 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 announced its quarterly earnings results on Friday, June 6th. The company reported GBX (0.09) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that KEFI Gold and Copper Plc will post -10 earnings per share 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.