Kibo Energy PLC (LON:KIBO) was up 1.3% on Wednesday . The stock traded as high as GBX 0.76 ($0.01) and last traded at GBX 0.76 ($0.01). Approximately 1,236,841 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 1,780,000 shares. The stock had previously closed at GBX 0.75 ($0.01).
Separately, First Equity initiated coverage on shares of Kibo Energy in a report on Wednesday, November 28th. They issued a “buy” rating and a GBX 15 ($0.20) price target for the company.
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About Kibo Energy (LON:KIBO)
Kibo Energy PLC, together with its subsidiaries, explores for and develops coal and other minerals in Africa. It also explores for nickel, gold, and platinum group metals. The company's flagship project is the Mbeya coal to power project that comprises 22 tenements located in south-western Tanzania.
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