KEFI Gold and Copper (LON:KEFI) Shares Up 5.9% - Here's What Happened

Key Points

• KEFI Gold and Copper Plc shares rose by 5.9%, closing at GBX 0.79, significantly increased trading volume at 388% above the average daily volume.
• The company has a market capitalization of £74.34 million and reported a negative price-to-earnings ratio of -892.13.
• KEFI focuses on the exploration and development of gold and copper deposits, notably through the Tulu Kapi Gold Project in Ethiopia.

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

KEFI Gold and Copper Stock Down 0.3%

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

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, analysts anticipate 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.