Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Kobo Resources Inc. ( (TSE:KRI) ) just unveiled an update.
Kobo Resources Inc. has successfully closed the first tranche of a non-brokered private placement, raising over $2.5 million. This funding will support the ongoing drilling program at the Kossou Gold Project in Côte d’Ivoire and further exploration initiatives. The participation of Luso Global Mining, a key shareholder, underscores confidence in the project. The funds will also be used for metallurgical work and geological exploration, enhancing Kobo’s strategic position in the gold exploration industry.
The most recent analyst rating on (TSE:KRI) stock is a Buy with a C$0.55 price target. To see the full list of analyst forecasts on Kobo Resources Inc. stock, see the TSE:KRI Stock Forecast page.
More about Kobo Resources Inc.
Kobo Resources Inc. is a growth-focused gold exploration company with a new gold discovery in Côte d’Ivoire, West Africa. The company owns the Kossou Gold Project, located near Yamoussoukro and adjacent to a major gold mine. Kobo has conducted extensive drilling and trenching to explore high-priority targets, confirming significant mineralization at the Jagger, Road Cut, and Kadie Zones.
Average Trading Volume: 69,097
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$25.8M
See more data about KRI stock on TipRanks’ Stock Analysis page.