KEFI Gold and Copper (LON:KEFI) Shares Up 5.9% – Here’s What Happened

KEFI Gold and Copper Plc (LON:KEFI)’s share price shot up 5.9% on Monday . The company traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.79 ($0.01). 228,671,734 shares were traded during trading, an increase of 388% from the average session volume of 46,854,133 shares. The stock had previously closed at GBX 0.75 ($0.01).

KEFI Gold and Copper Stock Up 5.9%

The firm has a market cap of £74.34 million, a P/E ratio of -892.13 and a beta of 1.53. The business’s fifty day moving average price is GBX 0.56 and its two-hundred day moving average price is GBX 0.55. 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) last released its quarterly earnings results on Friday, June 6th. The company reported GBX (0.09) earnings per share for the quarter. As a group, equities research analysts anticipate that KEFI Gold and Copper Plc will post -10 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.