Robex Resources Begins ASX Trading After Successful IPO

Robex Resources ( (TSE:RBX) ) just unveiled an announcement.

Robex Resources Inc. has successfully commenced trading on the Australian Securities Exchange (ASX) following a A$120 million Initial Public Offer (IPO). The funds raised will be used to complete the construction of the Kiniero Gold Project in Guinea, which is expected to begin gold production by the fourth quarter of 2025. This dual listing on the ASX and TSX-V is a strategic move to enhance the company’s market presence and deliver value to shareholders, positioning Robex as a mid-tier gold producer in West Africa.

The most recent analyst rating on (TSE:RBX) stock is a Buy with a C$3.75 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 exhibits strong technical momentum and positive corporate developments that bolster its market potential. However, profitability challenges and a negative P/E ratio temper the outlook, necessitating improvements in financial performance for a more favorable valuation.

To see Spark’s full report on TSE:RBX stock, click here.

More about Robex Resources

Robex Resources Inc. is a multi-jurisdictional gold production and development company operating primarily in West Africa. The company is focused on safe, diverse, and responsible operations, with significant exploration potential. Robex is advancing the Kiniero Gold Project in Guinea and operates the producing Nampala Mine in Mali.

Average Trading Volume: 49,294

Technical Sentiment Signal: Buy

Current Market Cap: C$524.9M

See more data about RBX stock on TipRanks’ Stock Analysis page.