Robex Resources Completes ASX IPO, Raising A$120 Million

Robex Resources ( (TSE:RBX) ) has shared an update.

Robex Resources Inc. has successfully completed an initial public offering on the Australian Securities Exchange, raising A$120 million to support the development of the Kiniero Gold Project and other corporate needs. This milestone is expected to enhance Robex’s market positioning and facilitate its growth ambitions in West Africa, with trading of its CDIs on the ASX anticipated to begin on June 5, 2025.

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 demonstrates strong revenue growth and positive technical momentum. However, profitability issues and a negative valuation due to losses are significant concerns. The company’s strategic corporate events, including project advancements and financing, present potential for future growth, boosting the overall score.

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 based in West Africa, with a focus on safe, diverse, and responsible operations. The company operates the Nampala mine in Mali and is advancing the Kiniero Project in Guinea, aiming to become a significant mid-tier gold producer in the region.

Average Trading Volume: 45,888

Technical Sentiment Signal: Buy

Current Market Cap: C$504.8M

For an in-depth examination of RBX stock, go to TipRanks’ Stock Analysis page.