KEFI Gold and Copper (LON:KEFI) Trading 7.5% Higher - Here's Why

Key Points

• KEFI Gold and Copper's stock price increased by 7.5%, with approximately 209 million shares traded during mid-day, marking a significant volume increase of 348% from its average.
• The company has a market capitalization of £76.30 million, a P/E ratio of -915.73, and is highly leveraged with a debt-to-equity ratio of 12.45.
• KEFI Gold and Copper reported a quarterly earnings loss of GBX (0.09) per share, with analysts predicting a full-year loss of -10 earnings per share.

Shares of KEFI Gold and Copper Plc (LON:KEFI - Get Free Report) traded up 7.5% during trading on Monday . The stock traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.81 ($0.01). 209,436,000 shares changed hands during mid-day trading, an increase of 348% from the average session volume of 46,739,633 shares. The stock had previously closed at GBX 0.75 ($0.01).

KEFI Gold and Copper Price Performance

The firm's fifty day moving average price is GBX 0.57 and its 200 day moving average price is GBX 0.55. The firm has a market capitalization of £70.22 million, a PE ratio of -842.70 and a beta of 1.53. The company has a current ratio of 0.18, a quick ratio of 1.24 and a debt-to-equity ratio of 12.45.

KEFI Gold and Copper (LON:KEFI - Get Free Report) last released its quarterly earnings data on Friday, June 6th. The company reported GBX (0.09) EPS for the quarter. As a group, equities 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.