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An announcement from Robex Resources ( (TSE:RBX) ) is now available.
Robex Resources Inc. has announced the acceleration of the expiry date for its 2024 Warrants due to a sustained increase in share price, driven by progress in the Kiniéro Gold Project in Guinea. This move is expected to generate approximately C$147.3 million in proceeds, which will be used to fund exploration and development activities at the Kiniero Mine, marking a transformative phase for the company with first gold pour expected in December 2025.
The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.
Spark’s Take on TSE:RBX Stock
According to Spark, TipRanks’ AI Analyst, TSE:RBX is a Neutral.
Robex Resources faces significant challenges in profitability and cash flow, which are reflected in its negative P/E ratio and low financial performance score. Technical indicators suggest neutral momentum, but the lack of earnings call data and corporate events limits further insights. The stock’s valuation remains unattractive due to ongoing financial difficulties.
To see Spark’s full report on TSE:RBX stock, click here.
More about Robex Resources
Robex Resources Inc. is a West African gold producer and developer, primarily focused on the development and exploration of gold projects, with a significant market presence in Guinea.
Average Trading Volume: 37,337
Technical Sentiment Signal: Buy
Current Market Cap: C$719.6M
Learn more about RBX stock on TipRanks’ Stock Analysis page.