KEFI Gold and Copper (LON:KEFI) Stock Price Up 11.5% - Should You Buy?

Key Points

• KEFI Gold and Copper Plc shares increased by 11.5% during mid-day trading, reaching GBX 0.84 ($0.01), with trading volumes surging by 180% compared to the average.
• The company's most recent quarterly earnings reported an EPS of GBX (0.09), with analysts projecting a total of -10 EPS for the current fiscal year.
• KEFI Gold and Copper focuses on the Tulu Kapi Gold Project in Ethiopia and engages in the exploration of gold and copper deposits in the Arabian-Nubian Shield.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report)'s share price traded up 11.5% during trading on Monday . The stock traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.84 ($0.01). 129,718,273 shares traded hands during mid-day trading, an increase of 180% from the average session volume of 46,265,121 shares. The stock had previously closed at GBX 0.75 ($0.01).

KEFI Gold and Copper Stock Performance

The firm has a fifty day simple moving average of GBX 0.58 and a 200 day simple moving average of GBX 0.56. The company has a current ratio of 0.18, a quick ratio of 1.24 and a debt-to-equity ratio of 12.45. The stock has a market cap of £71.90 million, a price-to-earnings ratio of -862.92 and a beta of 1.53.

KEFI Gold and Copper (LON:KEFI - Get Free Report) last issued its earnings results on Friday, June 6th. The company reported GBX (0.09) earnings per share (EPS) for the quarter. As a group, sell-side analysts expect 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.