KEFI’s GMCO Unit Pursues New Saudi Exploration JV With AJ Lan Group

KEFI Minerals ( (GB:KEFI) ) just unveiled an announcement.

KEFI Gold and Copper has clarified that its 13%-owned affiliate GMCO is working with Saudi conglomerate AJ Lan Group on a proposed exploration joint venture in an area outside GMCO’s existing portfolio, as recently advertised at the Future Minerals Forum in Riyadh. While the JV has not yet been confirmed or formalised, KEFI’s chairman framed the initiative as complementary to GMCO’s recent partnership with Hancock Prospecting and its wholly owned exploration ground, highlighting both GMCO’s discovery track record and the broader growth momentum in Saudi Arabia’s minerals industry.

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 GB:KEFI Stock

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

The score is held down primarily by very weak financial performance (no revenue, ongoing losses, and sustained cash burn) and bearish technical signals (below short-term moving averages with negative MACD and low RSI). A low-leverage balance sheet provides some support, but valuation remains unattractive due to continued unprofitability and no stated dividend yield.

To see Spark’s full report on GB: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. Through its minority stake in Gold and Minerals SLA (GMCO), the company is involved in advancing mineral exploration opportunities in Saudi Arabia’s expanding mining sector.

Average Trading Volume: 60,890,839

Technical Sentiment Signal: Buy

Current Market Cap: £147.7M

For detailed information about KEFI stock, go to TipRanks’ Stock Analysis page.