Kefi Minerals PLC is a London-based junior gold mining company with plane and manganese. The company was founded in 2006 and has been listed on the AIM market of the London Stock Exchange since 2007. The current share price is approximately 7 pence per share.
Kefi Minerals shares are up today after the company announced that it had raised $7 million in new funding.
This is great news for Kefi Minerals, which has been working hard to develop its flagship gold project in Ethiopia. The extra cash will help the company move forward with its plans and continue exploration work in the area.
With the share price now at 6p, there is definitely potential for growth in this stock. Investors will be keeping a close eye on Kefi Minerals to see how it progresses in the coming months.
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What is the Kefi Minerals Share Price
Kefi Minerals is a London-listed exploration and development company with gold and copper projects in Ethiopia and Saudi Arabia. The company’s share price has fluctuated over the past year, but has generally been on a downward trend. As of writing this blog post, the Kefi Minerals share price is 6.625p per share.
The company’s Ethiopian project, called the Tulu Kapi Gold Project, is currently in the development stage. The project is expected to produce approximately 120,000 ounces of gold per year once it enters production. In addition to the Tulu Kapi Gold Project, Kefi Minerals also owns two other gold projects in Ethiopia – the Dababiya Project and the Jember-Tullu Woredas Projects – which are both at an early stage of exploration.
In Saudi Arabia, Kefi Minerals owns 70% of two blocks – Block 10 and Block 5 – which are located in the Najran Province. These blocks are prospective for gold and copper mineralisation, and Exploration work is ongoing at both Blocks 10 and 5.
How Has the Kefi Minerals Share Price Performed
Kefi Minerals is a mining company with operations in Ethiopia and Saudi Arabia. The company’s share price has been on a roller coaster ride over the past year, starting off at around £0.60 in January 2017 and peaking at £1.20 in September 2017. However, the share price then fell sharply to below £0.50 in November 2017 before recovering to its current level of around £0.70.
Despite this volatile share price performance, Kefi Minerals has been one of the best-performing mining stocks on the London Stock Exchange over the past year, with its share price rising by more than 80%.
Why is the Kefi Minerals Share Price Important
The Kefi Minerals share price is important because it represents the company’s overall health and performance. When the stock market is doing well, generally speaking, so are most publicly traded companies. This means that their share prices tend to rise.
The reverse is also true when the stock market plunges; company share prices usually fall as well. So, by tracking the Kefi Minerals share price, investors can get a good idea of how this company is faring in comparison to its peers.
KEFI GOLD AND COPPER PLC BIG PRICE ACTION | KEFI GOLD SHARE
Conclusion
Kefi Minerals share price has been on a roller coaster ride in recent months. The stock is down from a high of over $1.50 in April to around $0.30 today. However, the company continues to make progress with its operations in Ethiopia and Saudi Arabia.
In addition, Kefi Minerals recently announced a strategic partnership with Gold Fields Limited (GFI), which could provide additional funding and expertise to help develop the company’s projects. With shares currently trading at a significant discount to their intrinsic value, Kefi Minerals remains an attractive investment opportunity.
