KEFI Gold and Copper (LON:KEFI) Stock Price Up 5.9% - What's Next?

Key Points

• KEFI Gold and Copper's shares rose by 5.9% on Tuesday, trading at GBX 0.79 with a significant increase in trading volume of 388% compared to average daily volume.
• The company has a market capitalization of £76.49 million and reported a negative P/E ratio of -917.98, indicating potential financial struggles.
• KEFI primarily focuses on the Tulu Kapi Gold Project in Ethiopia and is engaged in exploring valuable minerals in the Arabian-Nubian Shield.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report) shares rose 5.9% on Tuesday . The stock traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.79 ($0.01). Approximately 228,671,734 shares were traded during mid-day trading, an increase of 388% from the average daily volume of 46,854,133 shares. The stock had previously closed at GBX 0.75 ($0.01).

KEFI Gold and Copper Trading Up 2.7%

The firm has a fifty day moving average of GBX 0.57 and a two-hundred day moving average of GBX 0.55. The company has a market cap of £72.09 million, a PE ratio of -865.17 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 quarterly earnings data on Friday, June 6th. The company reported GBX (0.09) earnings per share for the quarter. As a group, sell-side analysts predict that KEFI Gold and Copper Plc will post -10 EPS 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.