KEFI Gold and Copper (LON:KEFI) Shares Up 8% - Here's What Happened

Key Points

• KEFI Gold and Copper shares surged by 8% during mid-day trading, reaching a high of GBX 0.84 ($0.01), significantly increasing trading volume to 181 million shares.
• The company's market capitalization stands at £75.84 million with a PE ratio of -910.11 and a debt-to-equity ratio of 12.45.
• KEFI recently reported earnings of GBX (0.09) per share, and analysts forecast a total EPS of -10 for the current fiscal year.

Shares of KEFI Gold and Copper Plc (LON:KEFI - Get Free Report) were up 8% during mid-day trading on Monday . The stock traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.81 ($0.01). Approximately 181,373,547 shares changed hands during trading, an increase of 289% from the average daily volume of 46,572,594 shares. The stock had previously closed at GBX 0.75 ($0.01).

KEFI Gold and Copper Stock Down 0.3%

The company's fifty day moving average price is GBX 0.58 and its 200-day moving average price is GBX 0.56. The stock has a market capitalization 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.

KEFI Gold and Copper (LON:KEFI - Get Free Report) last released its earnings results on Friday, June 6th. The company reported GBX (0.09) earnings per share (EPS) for the quarter. 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.