Kodal Minerals (LON:KOD) Shares Up 6.4% – What’s Next?

Kodal Minerals PLC (LON:KOD) shares rose 6.4% during trading on Monday . The company traded as high as GBX 0.34 ($0.00) and last traded at GBX 0.33 ($0.00). Approximately 22,224,361 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 49,738,742 shares. The stock had previously closed at GBX 0.31 ($0.00).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 1 ($0.01) price target on shares of Kodal Minerals in a report on Tuesday, February 11th.

Kodal Minerals Price Performance

The stock has a market cap of £66.95 million, a PE ratio of 2,551.88 and a beta of 0.51. The business has a fifty day moving average of GBX 0.37 and a 200 day moving average of GBX 0.38.

Kodal Minerals Company Profile

Kodal Minerals was established and listed on London’s AIM market in 2013, acquiring its flagship asset, Bougouni Lithium Project, in 2016. Kodal Minerals is aiming to be the first West African producer of lithium spodumene and become a significant player in critical minerals production to help drive the global green energy transition.

The Bougouni Lithium Project is located in Southern Mali, 170km south of the capital Bamako in the highly prospective and attractive destination for lithium exploration and development.