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Beaufort Securities reiterated Kibo Mining (LON:KIBO) to Speculative Buy in a report released today.

Beaufort Securities has reiterated Kibo Mining(LON:KIBO) to Speculative Buy in a report released on 9/16/2016.

Just yesterday Kibo Mining (LON:KIBO) traded 13.21% higher at 8.75GBX. KIBO’s 50-day moving average is 5.89GBX and its 200-day moving average is 4.84GBX. With the last stock price up 93.01% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trading volume was was down over the average, with 1,636,862 shares of KIBO changing hands under the typical 1,847,030 shares..

Performance Graphic:

Kibo Mining (LON:KIBO)

With a market capitalization of 0.0 GBX, Kibo Mining has a one-year low of 2.51GBX and a one-year high of 9.50GBX with a price-earnings ratio of 93.

In addition to Beaufort Securities reporting it’s target price, a total of 1 firm has released a report on Kibo Mining. The average target price is 9.70GBX with 0 rating the company a strong buy, 0 rating the stock a buy, 0 firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 analystsrating the company as sell.

General Information About Kibo Mining (LON:KIBO)

Kibo Mining Plc is engaged in the exploration for and development of coal and other minerals in Tanzania. The Company operates through two segments: mining and corporate. The mining segment operates in Tanzania. The corporate segment operates in Ireland, Cyprus, South Africa, Canada and the United Kingdom. The Company’s projects include Mbeya Coal to Power Project, which is located in southern Tanzania, over 70 kilometers north of the regional town of Mbeya; Lake Victoria Project, which Imweru Mineral Resource located in northern Tanzania at the western side of the Geita Greenstone Belt within the Lake Victoria gold field; Haneti Project, which is located in central Tanzania, and Morogoro Gold and Pinewood Uranium Projects, which are located in central and southern Tanzania. In addition to Imweru, and the Company holds a portfolio of earlier stage gold licenses and applications all located within or adjacent to gold productive greenstone belts in the Lake Victoria Gold project.

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