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Kolibri Global Energy ( (TSE:KEI) ) has shared an announcement.
Kolibri Global Energy Inc. has announced that independent proxy advisory firms ISS and Glass Lewis have recommended shareholders vote against a proposal to limit the number of common shares the company can issue. The proposal, put forth by TFG Asset Management UK LLP, was deemed potentially detrimental to the company’s strategic flexibility and shareholder interests by both the advisory firms and Kolibri’s board of directors. The board and management unanimously advise shareholders to reject the proposal, as it could hinder the company’s ability to manage its share capital effectively.
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 score is driven by strong financial stability and attractive valuation, offset by bearish technical indicators and mixed earnings call results. The company’s robust equity and cash flow management are significant strengths, but challenges in revenue growth and profitability, along with negative market momentum, weigh on the score.
To see Spark’s full report on TSE:KEI stock, click here.
More about Kolibri Global Energy
Average Trading Volume: 22,694
Technical Sentiment Signal: Hold
Current Market Cap: C$206.1M
Find detailed analytics on KEI stock on TipRanks’ Stock Analysis page.