KEFI Gold and Copper (LON:KEFI) Trading 9.3% Higher - Here's Why

Key Points

• KEFI Gold and Copper Plc's stock surged 9.3% during trading, closing at GBX 0.82, with trading volume significantly increasing by 288% compared to its average.
• The company's recent quarterly report indicated an EPS of GBX (0.09), with analysts predicting a total of -10 earnings per share for the current year.
• KEFI Gold and Copper is focusing on the development of the Tulu Kapi Gold Project in Ethiopia, and the company has a market cap of £75.84 million.

KEFI Gold and Copper Plc (LON:KEFI - Get Free Report)'s share price rose 9.3% on Monday . The company traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.82 ($0.01). Approximately 180,873,547 shares traded hands during trading, an increase of 288% from the average daily volume of 46,569,617 shares. The stock had previously closed at GBX 0.75 ($0.01).

KEFI Gold and Copper Stock Down 0.3%

The stock's 50-day moving average price is GBX 0.58 and its two-hundred day moving average price is GBX 0.56. The stock has a market capitalization of £71.90 million, a P/E ratio of -862.92 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 released its earnings results on Friday, June 6th. The company reported GBX (0.09) earnings per share for the quarter. As a group, research analysts expect that KEFI Gold and Copper Plc will post -10 earnings per share for the current fiscal 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.