KEFI Gold and Copper (LON:KEFI) Shares Climb 23% – Here’s What Happened

Shares of KEFI Gold and Copper Plc (LON:KEFI) rose 23% on Monday. The stock traded as high as GBX 0.84 and last traded at GBX 0.75. 435,410,813 shares were traded during mid-day trading, an increase of 332% from the average daily volume of 100,824,703 shares. The stock had previously closed at GBX 0.61.

KEFI Gold and Copper Trading Up 23.0%

The stock’s 50 day moving average is GBX 0.93 and its two-hundred day moving average is GBX 1.09. The company has a market capitalization of £103.29 million, a PE ratio of -6.82 and a beta of 1.76. The company has a quick ratio of 1.24, a current ratio of 3.71 and a debt-to-equity ratio of 0.11.

KEFI Gold and Copper (LON:KEFI) last issued its earnings results on Tuesday, September 29th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. As a group, sell-side analysts predict that KEFI Gold and Copper Plc will post -10.00 EPS for the current fiscal 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. KEFI Gold and Copper Plc was incorporated in 2006 and is headquartered in Nicosia, Cyprus.