KEFI Gold and Copper (LON:KEFI) Stock Price Up 23% – Here’s Why

KEFI Gold and Copper Plc (LON:KEFI)’s stock price was up 23% on Monday. The stock traded as high as GBX 0.84 and last traded at GBX 0.75. 435,410,813 shares changed hands during 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 Price Performance

The stock has a market cap of £98.75 million, a price-to-earnings ratio of -6.52 and a beta of 1.76. The stock has a fifty day simple moving average of GBX 0.92 and a 200-day simple moving average of GBX 1.08. The company has a current ratio of 3.71, a quick ratio of 1.24 and a debt-to-equity ratio of 0.11.

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