KEFI Gold and Copper (LON:KEFI) Stock Price Up 6% – Here’s Why

KEFI Gold and Copper Plc (LON:KEFIGet Free Report) shares shot up 6% during trading on Friday . The company traded as high as GBX 0.60 ($0.01) and last traded at GBX 0.57 ($0.01). 93,415,195 shares traded hands during mid-day trading, an increase of 129% from the average session volume of 40,788,582 shares. The stock had previously closed at GBX 0.54 ($0.01).

KEFI Gold and Copper Trading Up 19.2 %

The firm’s 50 day moving average price is GBX 0.52 and its 200-day moving average price is GBX 0.53. The company has a debt-to-equity ratio of 12.45, a current ratio of 0.18 and a quick ratio of 1.24. The stock has a market cap of £51.13 million, a P/E ratio of -7.95 and a beta of 1.53.

About KEFI Gold and Copper

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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.

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