Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Serabi Gold ( (GB:SRB) ) has shared an announcement.
Serabi Gold plc has successfully placed approximately 20.7% of its issued capital with UK and European institutional investors, following the sale of shares by Greenstone Resources II LP and Fratelli Investments Limited. This strategic transaction, facilitated by brokers Peel Hunt LLP and Tamesis Partners LLP, aims to maintain market stability and shareholder value, while welcoming new investors and acknowledging the long-term support of Greenstone and Fratelli.
More about Serabi Gold
Serabi Gold plc is a gold exploration, development, and production company focused on the Tapajós region in Para State, northern Brazil. The company consistently produces 30,000 to 40,000 ounces of gold annually from the Palito Complex and plans to double production with the Coringa Gold project. Headquartered in the UK, Serabi Gold has a secondary office in Toronto, Canada, and recently made a copper-gold porphyry discovery.
YTD Price Performance: 54.63%
Average Trading Volume: 441,812
Technical Sentiment Signal: Sell
Current Market Cap: £126.5M
For an in-depth examination of SRB stock, go to TipRanks’ Stock Analysis page.