Kodal Minerals (LON:KOD) Stock Price Up 17.4% – Here’s Why

Kodal Minerals PLC (LON:KOD) traded up 17.4% during trading on Monday . The company traded as high as GBX 0.59 and last traded at GBX 0.59. 219,750,734 shares traded hands during trading, an increase of 83% from the average session volume of 119,914,039 shares. The stock had previously closed at GBX 0.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 1 price target on shares of Kodal Minerals in a report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 1.

Kodal Minerals Trading Up 17.2%

The business has a 50 day simple moving average of GBX 0.33 and a two-hundred day simple moving average of GBX 0.32. The stock has a market cap of £118.84 million, a price-to-earnings ratio of -11.98 and a beta of 0.51.

Kodal Minerals (LON:KOD) last released its earnings results on Friday, December 19th. The company reported GBX (0.18) EPS for the quarter.

About Kodal Minerals

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.