KEFI Gold and Copper (LON:KEFI) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of KEFI Gold and Copper Plc (LON:KEFI) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0.58 ($0.01) and traded as low as GBX 0.48 ($0.01). KEFI Gold and Copper shares last traded at GBX 0.48 ($0.01), with a volume of 29,708,295 shares traded.

KEFI Gold and Copper Stock Up 2.9 %

The company has a debt-to-equity ratio of 11.59, a quick ratio of 1.24 and a current ratio of 0.18. The firm has a market capitalization of £29.75 million, a price-to-earnings ratio of -3.73 and a beta of 1.53. The firm has a fifty day moving average price of GBX 0.55 and a 200 day moving average price of GBX 0.58.

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.