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Edenville Energy ( (GB:SKA) ) has provided an update.
Shuka Minerals Plc has provided an update on the financing for its acquisition of Leopard Exploration and Mining Limited and the Kabwe Zinc Mine in Zambia. The remittance of funds from Gathoni Muchai Investments Limited, which is crucial for completing the $1.35 million cash consideration, has been delayed but is now in process. The company remains committed to finalizing the transaction using favorable terms and expects the funds to clear soon, with the LEM vendors remaining supportive of the acquisition’s completion.
The most recent analyst rating on (GB:SKA) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on Edenville Energy stock, see the GB:SKA Stock Forecast page.
Spark’s Take on GB:SKA Stock
According to Spark, TipRanks’ AI Analyst, GB:SKA is a Neutral.
Edenville Energy’s overall stock score is primarily impacted by its poor financial performance, characterized by persistent losses and negative cash flows. The technical analysis suggests a bearish trend, further weighing down the score. The valuation is also unfavorable due to a negative P/E ratio and lack of dividend yield.
To see Spark’s full report on GB:SKA stock, click here.
More about Edenville Energy
Shuka Minerals Plc is an African-focused mine operator and developer, primarily engaged in the acquisition and development of mining and exploration companies. The company is currently focused on expanding its operations through the acquisition of Leopard Exploration and Mining Limited and the Kabwe Zinc Mine in Zambia.
Average Trading Volume: 257,743
Technical Sentiment Signal: Sell
Current Market Cap: £3.18M
Find detailed analytics on SKA stock on TipRanks’ Stock Analysis page.