Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Kolibri Global Energy Inc (NASDAQ: KGEIF) improved of late. KGEIF’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, Kolibri Global Energy Inc (NASDAQ: KGEIF) stock enjoyed a very large increase of 5.4%, closing at $3.54. Moreover, above average trading volume at 122% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 13.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, KGEIF is expected to continue to be an important Value Builder.
Kolibri Global Energy has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Kolibri Global Energy has a very high Appreciation Score of 97 but a slightly negative Power Rating of 31, triggering the Positive Value Trend Rating.
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