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The latest update is out from Akobo Minerals AB ( (DE:643) ).
Akobo Minerals AB has completed the conversion of convertible loans totaling NOK 36.5 million into new shares, increasing its share capital to SEK 8,528,873.045273. This strategic move, registered with the Swedish Companies Registration Office, strengthens Akobo’s financial position and supports its growth ambitions in the Ethiopian mining industry.
More about Akobo Minerals AB
Akobo Minerals is a Scandinavian-based gold producer with operations in Ethiopia, holding both exploration and mining licenses. The company has a strong presence in the Ethiopian mining industry, focusing on high-grade gold production from its Segele mine. Akobo Minerals is committed to ESG principles and aims to be a major player in the Ethiopian mining sector.
YTD Price Performance: 1.94%
Average Trading Volume: 405,999
Current Market Cap: NOK372.8M
Learn more about 643 stock on TipRanks’ Stock Analysis page.