KEFI Gold and Copper (LON:KEFI) Stock Price Passes Below 200 Day Moving Average – Here’s Why

KEFI Gold and Copper Plc (LON:KEFI)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 0.55 ($0.01) and traded as low as GBX 0.50 ($0.01). KEFI Gold and Copper shares last traded at GBX 0.51 ($0.01), with a volume of 38,318,492 shares changing hands.

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 fifty day moving average price of GBX 0.50 and a 200-day moving average price of GBX 0.55. The firm has a market capitalization of £40.74 million, a price-to-earnings ratio of -6.33 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.