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The latest update is out from East Star Resources ( (GB:EST) ).
East Star Resources has confirmed the admission to trading on the London Stock Exchange’s Main Market of 74,391,304 additional ordinary shares fully fungible with its existing stock. Following this admission, which stems from a recent conversion of convertible loan notes by Endeavour Mining, the company’s total issued share capital has risen to 549,566,384 ordinary shares.
The company also reported that it holds no shares in treasury, setting the total number of voting rights at 549,566,384. This updated capital structure provides the reference denominator for investors assessing whether they must disclose holdings or changes in holdings under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:EST) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on East Star Resources stock, see the GB:EST Stock Forecast page.
Spark’s Take on GB:EST Stock
According to Spark, TipRanks’ AI Analyst, GB:EST is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn). Technicals provide partial support due to a stronger medium/long-term uptrend with neutral momentum, while valuation remains unattractive due to negative earnings and no dividend support.
To see Spark’s full report on GB:EST stock, click here.
More about East Star Resources
East Star Resources is a Kazakhstan-focused explorer targeting copper and gold deposits. The company pursues multiple exploration strategies, including a joint venture to bring the Verkhuba polymetallic deposit into production with a retained 30% interest, additional VMS and porphyry copper targets, and a strategic gold exploration joint venture with Endeavour Mining.
Average Trading Volume: 4,522,967
Technical Sentiment Signal: Buy
Current Market Cap: £18.53M
For a thorough assessment of EST stock, go to TipRanks’ Stock Analysis page.