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Edenville Energy ( (GB:SKA) ) has provided an announcement.
Shuka Minerals Plc has announced an update on its acquisition of Leopard Exploration and Mining Limited and the Kabwe Zinc Mine in Zambia. The company has structured the acquisition payment into several tranches, with the initial tranche involving a US$300,000 cash payment and the issuance of 6,364,454 consideration shares. This transaction will increase Shuka’s stake in the Kabwe Mine to 22.2%, with plans to reach full ownership by the end of 2025. The acquisition is expected to enhance Shuka’s operational capabilities and market position, with the Kabwe Mine holding significant zinc and lead resources valued at over US$2 billion.
The most recent analyst rating on (GB:SKA) stock is a Sell with a £4.50 price target. To see the full list of analyst forecasts on Edenville Energy stock, see the GB:SKA Stock Forecast page.
Spark’s Take on GB:SKA Stock
According to Spark, TipRanks’ AI Analyst, GB:SKA is a Underperform.
Edenville Energy’s stock score is primarily impacted by its poor financial performance, marked by persistent losses and negative cash flows. Technical analysis suggests a bearish trend, with some potential for short-term reversal. Valuation metrics are weak, with a negative P/E ratio and no dividend yield, further weighing down the score.
To see Spark’s full report on GB:SKA stock, click here.
More about Edenville Energy
Shuka Minerals Plc is an African-focused mine operator and developer, primarily engaged in mining and exploration activities. The company is listed on the London Stock Exchange’s AIM and the AltX of the JSE Limited, focusing on acquiring and developing mining assets in Africa.
Average Trading Volume: 307,660
Technical Sentiment Signal: Sell
Current Market Cap: £3.18M
Learn more about SKA stock on TipRanks’ Stock Analysis page.