KEFI Gold and Copper (LON:KEFI) Shares Down 7.2% – Here’s Why

KEFI Gold and Copper Plc (LON:KEFI) shares were down 7.2% on Tuesday . The company traded as low as GBX 1.32 and last traded at GBX 1.34. Approximately 79,859,516 shares were traded during trading, an increase of 36% from the average daily volume of 58,836,414 shares. The stock had previously closed at GBX 1.45.

KEFI Gold and Copper Stock Performance

The company has a current ratio of 0.18, a quick ratio of 1.24 and a debt-to-equity ratio of 12.45. The stock has a market capitalization of £126.24 million, a price-to-earnings ratio of -33.97 and a beta of 1.53. The firm’s fifty day moving average price is GBX 1.48 and its 200 day moving average price is GBX 0.98.

KEFI Gold and Copper (LON:KEFI) last posted its earnings results on Tuesday, September 30th. The company reported GBX (0.05) earnings per share for the quarter. Analysts forecast that KEFI Gold and Copper Plc will post -10 EPS for the current fiscal year.

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.