Kibo Energy (KIBO) Coverage Initiated at First Equity

First Equity initiated coverage on shares of Kibo Energy (LON:KIBO) in a research report report published on Wednesday. The brokerage issued a buy rating and a GBX 15 ($0.20) price objective on the stock.

Shares of KIBO opened at GBX 2 ($0.03) on Wednesday. Kibo Energy has a 1-year low of GBX 0.05 ($0.00) and a 1-year high of GBX 6.90 ($0.09).

Kibo Energy Company Profile

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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