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Kolibri Global Energy ( (TSE:KEI) ) has provided an announcement.
Kolibri Global Energy Inc. held a special shareholder meeting where a resolution was approved to cap the number of authorized common shares at 37,367,894. The decision, initiated by TFG Asset Management UK LLP, was supported by 78.05% of proxy votes, representing about 65% of the outstanding shares. This move could impact the company’s capital structure and shareholder value.
The most recent analyst rating on (TSE:KEI) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on Kolibri Global Energy stock, see the TSE:KEI Stock Forecast page.
Spark’s Take on TSE:KEI Stock
According to Spark, TipRanks’ AI Analyst, TSE:KEI is a Neutral.
Kolibri Global Energy’s overall stock score is primarily influenced by its strong financial performance and attractive valuation. However, technical analysis indicates bearish momentum, which is a significant risk factor. The earnings call provides a mixed outlook, with positive production growth tempered by declining net income and increased expenses. The absence of notable corporate events does not impact the score.
To see Spark’s full report on TSE:KEI stock, click here.
More about Kolibri Global Energy
Kolibri Global Energy Inc. is a North American energy company specializing in discovering and developing oil and gas projects. The company operates energy properties in the United States and is listed on the Toronto Stock Exchange and NASDAQ.
Average Trading Volume: 20,389
Technical Sentiment Signal: Sell
Current Market Cap: C$193.1M
For an in-depth examination of KEI stock, go to TipRanks’ Overview page.