Kefi launches RetailBook share offer to help complete Tulu Kapi funding

An announcement from KEFI Minerals ( (GB:KEFI) ) is now available.

Kefi Gold and Copper has launched a conditional retail offer of new ordinary shares via RetailBook at 1.2 pence per share, open to existing shareholders and new UK-based investors through participating brokers and platforms, with a minimum subscription of £250 and no RetailBook commission. The retail offer, alongside a firm and conditional placing and subscription to institutional investors, forms part of a wider fundraise intended to complete the US$330 million financing for the Tulu Kapi project, restart exploration in Ethiopia, build a cost overrun reserve and bolster working capital, underscoring Kefi’s push to de-risk and advance its flagship Ethiopian development.

The most recent analyst rating on (GB:KEFI) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on KEFI Minerals stock, see the GB:KEFI Stock Forecast page.

Spark’s Take on KEFI Stock

According to Spark, TipRanks’ AI Analyst, KEFI is a Neutral.

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn). Technical indicators are a relative positive with price above key moving averages and a positive MACD, but valuation remains challenged due to negative earnings and no stated dividend yield.

To see Spark’s full report on KEFI stock, click here.

More about KEFI Minerals

Kefi Gold and Copper plc is a gold and copper exploration and development company focused on the Arabian-Nubian Shield, with a project pipeline in Ethiopia and Saudi Arabia. The company is listed on AIM in London and is advancing the Tulu Kapi gold project in Ethiopia as a core development asset.

Average Trading Volume: 106,294,160

Technical Sentiment Signal: Buy

Current Market Cap: £165.6M

Learn more about KEFI stock on TipRanks’ Stock Analysis page.