KEFI Gold and Copper (LON:KEFI) Trading Up 5.9% - Here's What Happened

Key Points

• KEFI Gold and Copper's stock price increased by 5.9% during mid-day trading, reaching a peak of GBX 0.84 before closing at GBX 0.79.
• The company's market capitalization stands at £78.83 million, with analysts predicting a negative earnings per share of -10 for the current fiscal year.
• KEFI Gold and Copper focuses on the exploration 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 5.9% during mid-day trading on Tuesday . The company traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.79 ($0.01). 228,671,734 shares were traded during 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 Price Performance

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 business's 50-day moving average is GBX 0.57 and its two-hundred day moving average is GBX 0.55. The company has a market capitalization of £72.09 million, a P/E ratio of -865.17 and a beta of 1.53.

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, analysts predict 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.