KEFI Gold and Copper (LON:KEFI) Stock Price Up 8.3% - Here's What Happened

Key Points

• KEFI Gold and Copper's stock price increased by 8.3%, reaching a last traded price of GBX 0.81 ($0.01) after trading as high as GBX 0.84.
• Approximately 193 million shares were traded during the day, showcasing a significant 315% increase in volume compared to the average daily trading volume.
• The company's current market capitalization stands at £76.02 million with a negative price-to-earnings ratio of -912.36, reflecting ongoing financial challenges.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report)'s share price rose 8.3% during trading on Monday . The company traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.81 ($0.01). Approximately 193,447,281 shares changed hands during mid-day trading, an increase of 315% from the average daily volume of 46,644,461 shares. The stock had previously closed at GBX 0.75 ($0.01).

KEFI Gold and Copper Stock Up 8.3%

The business's fifty day moving average price is GBX 0.56 and its 200 day moving average price is GBX 0.55. The firm has a market capitalization of £76.02 million, a price-to-earnings ratio of -912.36 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 announced its earnings results on Friday, June 6th. The company reported GBX (0.09) EPS for the quarter. On average, equities analysts expect that KEFI Gold and Copper Plc will post -10 EPS 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.

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