Kodal Minerals (LON:KOD) Trading Up 1% – Here’s What Happened

Kodal Minerals PLC (LON:KODGet Free Report)’s stock price was up 1% during mid-day trading on Wednesday . The stock traded as high as GBX 0.31 and last traded at GBX 0.31. Approximately 20,816,889 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 73,276,336 shares. The stock had previously closed at GBX 0.31.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 1.20 price objective on shares of Kodal Minerals in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Kodal Minerals presently has a consensus rating of “Buy” and an average target price of GBX 1.20.

Check Out Our Latest Stock Report on Kodal Minerals

Kodal Minerals Stock Up 3.2%

The stock has a market capitalization of £65.19 million, a price-to-earnings ratio of -6.54 and a beta of 0.27. The company has a 50 day moving average of GBX 0.32 and a 200 day moving average of GBX 0.35.

Kodal Minerals Company Profile

(Get Free Report)

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.

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