KEFI Gold and Copper (LON:KEFI) Shares Up 12.2% – Time to Buy?

KEFI Gold and Copper Plc (LON:KEFI)’s share price traded up 12.2% during mid-day trading on Wednesday . The company traded as high as GBX 1.68 and last traded at GBX 1.66. 298,838,125 shares were traded during trading, an increase of 163% from the average session volume of 113,810,586 shares. The stock had previously closed at GBX 1.48.

KEFI Gold and Copper Stock Up 12.2%

The firm has a market cap of £178.30 million, a PE ratio of -42.56 and a beta of 1.53. The business has a 50-day moving average price of GBX 1.39 and a two-hundred day moving average price of GBX 1.13. The company has a quick ratio of 1.24, a current ratio of 0.18 and a debt-to-equity ratio of 12.45.

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. KEFI Gold and Copper Plc was incorporated in 2006 and is headquartered in Nicosia, Cyprus.