KEFI Gold and Copper (LON:KEFI) Shares Down 3.4% – What’s Next?

KEFI Gold and Copper Plc (LON:KEFI) shares dropped 3.4% during trading on Tuesday . The company traded as low as GBX 1.31 and last traded at GBX 1.32. Approximately 54,792,277 shares traded hands during trading, a decline of 53% from the average daily volume of 116,960,445 shares. The stock had previously closed at GBX 1.37.

KEFI Gold and Copper Trading Down 3.4%

The company has a market cap of £150.14 million, a P/E ratio of -33.95 and a beta of 1.71. The business’s fifty day moving average is GBX 1.46 and its 200 day moving average is GBX 1.46.

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.