Robex Resources ( (TSE:RBX) ) has shared an update.
Robex Resources Inc. has entered into an underwriting agreement with Euroz Hartleys Limited and Canaccord Genuity (Australia) Limited to fully underwrite its proposed offer of CHESS Depositary Interests, aiming to raise A$120 million. This move is part of Robex’s strategy to list on the Australian Securities Exchange, expanding its market presence and potentially enhancing its financial resources for future projects. The offer is subject to regulatory approvals, and the joint lead managers will receive various fees for their services.
Spark’s Take on TSE:RBX Stock
According to Spark, TipRanks’ AI Analyst, TSE:RBX is a Neutral.
Robex Resources is positioned for growth with strong technical momentum and strategic corporate events. However, challenges in profitability and valuation metrics temper the overall outlook.
To see Spark’s full report on TSE:RBX stock, click here.
More about Robex Resources
Robex Resources Inc. is a multi-jurisdictional West African gold production and development company with significant exploration potential. The company is committed to safe and responsible operations, aiming for sustainable growth. Robex has been operating the Nampala mine in Mali since 2017 and is advancing the Kiniero Gold Project in Guinea, with the ambition to become a leading mid-tier gold producer in West Africa.
YTD Price Performance: 36.17%
Average Trading Volume: 41,862
Technical Sentiment Signal: Sell
Current Market Cap: C$461.7M
Find detailed analytics on RBX stock on TipRanks’ Stock Analysis page.