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Edenville Energy ( (GB:SKA) ) has shared an announcement.
Shuka Minerals Plc has provided an update on its financing for the acquisition of Leopard Exploration and Mining Limited and the Kabwe Zinc Mine in Zambia. The company has settled an initial tranche, securing a 22.2% stake, and aims to increase its interest to 49.9% with further payments. The final tranche will complete the acquisition by the end of December 2025. Gathoni Muchai Investments Limited, which is providing the loan for the acquisition, has delayed its payment to December 2025, but Shuka remains in contact and expects the funds by mid-December.
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 overall stock score is primarily impacted by its poor financial performance and weak technical indicators. The company’s ongoing financial struggles, negative cash flows, and lack of profitability are significant concerns. Additionally, the bearish technical signals further weigh down the stock’s attractiveness. The absence of positive valuation metrics and corporate events adds to the negative outlook.
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 with a primary listing on the London Stock Exchange (AIM) and a secondary listing on the AltX of the JSE. The company is involved in the acquisition and development of mining and exploration companies, with a focus on the Zambian mining sector.
Average Trading Volume: 301,917
Technical Sentiment Signal: Sell
Current Market Cap: £3.3M
Learn more about SKA stock on TipRanks’ Stock Analysis page.