KEFI Gold and Copper (LON:KEFI) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

KEFI Gold and Copper Plc (LON:KEFI) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.61 ($0.01) and traded as low as GBX 0.54 ($0.01). KEFI Gold and Copper shares last traded at GBX 0.56 ($0.01), with a volume of 30,503,472 shares changing hands.

KEFI Gold and Copper Price Performance

The company’s fifty day moving average price is GBX 0.59 and its two-hundred day moving average price is GBX 0.61. The company has a quick ratio of 1.24, a current ratio of 0.18 and a debt-to-equity ratio of 11.59. The company has a market cap of £34.18 million, a price-to-earnings ratio of -3.73 and a beta of 1.53.

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.