KEFI Gold and Copper (LON:KEFI) Shares Up 12.2% – Here’s What Happened

KEFI Gold and Copper Plc (LON:KEFI) was up 12.2% during mid-day trading on Thursday . The stock traded as high as GBX 1.68 and last traded at GBX 1.66. Approximately 298,838,125 shares traded hands during trading, an increase of 163% from the average daily volume of 113,810,586 shares. The stock had previously closed at GBX 1.48.

KEFI Gold and Copper Trading Down 8.8%

The firm’s 50-day simple moving average is GBX 1.40 and its 200 day simple moving average is GBX 1.14. 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 firm has a market capitalization of £156.82 million, a price-to-earnings ratio of -37.44 and a beta of 1.53.

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.