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The latest announcement is out from Robex Resources ( (TSE:RBX) ).
Robex Resources Inc. has filed a management information circular for a special meeting of shareholders to consider a plan of arrangement with Predictive Discovery Limited. The arrangement will result in Robex becoming an indirect wholly owned subsidiary of Predictive, with shareholders receiving Predictive shares in exchange for their Robex shares. The board of directors recommends voting in favor of the arrangement, which is seen as a strategic move to enhance the company’s position as a leading gold producer in West Africa.
The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$4.00 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’ stock score is primarily impacted by its financial performance, which shows revenue growth but significant profitability and cash flow challenges. Technical analysis indicates some positive momentum, but valuation metrics highlight concerns with a negative P/E ratio and no dividend yield.
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, focusing on advancing gold projects in the region.
Average Trading Volume: 62,368
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.06B
See more data about RBX stock on TipRanks’ Stock Analysis page.