Tlou Energy Limited (LON:TLOU – Get Rating)’s share price traded down 4.5% on Thursday . The company traded as low as GBX 2.01 ($0.03) and last traded at GBX 2.01 ($0.03). 13,122 shares were traded during mid-day trading, a decline of 97% from the average session volume of 477,710 shares. The stock had previously closed […]
Tlou Energy ready to press on with power line construction says broker Tlou has clearly outlined its key objectives and we see excellent scope for important share price catalysts in the weeks and months ahead
Tlou Energy Ltd’s (LON:TLOU) house broker Shore Capital has published a revised net asset value estimate of 7.4p (20p) for the Botswana-based power group. Our valuation nonetheless implies ~170% upside, so we see considerable running room if Tlou delivers anticipated news flow.
The commercialisation of Tlou’s flagship Lesedi power project has clearly taken time says the broker, but having raised £2.6m of new equity in March, it is now positioned to press on with transmission line construction.