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Africa Oil ( (TSE:MER) ) just unveiled an update.
Meren Energy Inc. has updated its share capital and voting rights following the issuance of 29,028 common shares due to the vesting of performance share units. As of October 31, 2025, the company now has 675,541,593 common shares issued and outstanding. This update is in compliance with the Swedish Financial Instruments Trading Act and reflects the company’s ongoing operational developments.
The most recent analyst rating on (TSE:MER) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Africa Oil stock, see the TSE:MER Stock Forecast page.
Spark’s Take on TSE:MER Stock
According to Spark, TipRanks’ AI Analyst, TSE:MER is a Neutral.
Africa Oil’s stock faces significant financial challenges with no revenue and negative cash flows, despite strategic initiatives and positive shareholder returns. Technical indicators and valuation metrics suggest caution, while earnings call guidance offers some optimism. Overall, the stock’s performance is constrained by financial hurdles, balanced by strategic efforts and high dividend yield.
To see Spark’s full report on TSE:MER stock, click here.
More about Africa Oil
Meren Energy Inc. is a full-cycle independent upstream oil and gas company with operations in offshore regions of Nigeria, Namibia, South Africa, and Equatorial Guinea. The company focuses on producing and developing assets in deepwater Nigeria and holds significant interests in the Orange Basin, including the Venus light oil project offshore Namibia and Block 3B/4B offshore South Africa.
Average Trading Volume: 503,757
Technical Sentiment Signal: Sell
Current Market Cap: C$1.18B
For a thorough assessment of MER stock, go to TipRanks’ Stock Analysis page.