Kodal Minerals (LON:KOD) Stock Price Down 15.4% – Time to Sell?

Kodal Minerals PLC (LON:KOD) shares fell 15.4% during mid-day trading on Monday . The stock traded as low as GBX 0.42 and last traded at GBX 0.42. 243,362,531 shares were traded during trading, an increase of 51% from the average session volume of 161,562,156 shares. The stock had previously closed at GBX 0.50.

Wall Street Analyst Weigh In

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

Kodal Minerals Stock Performance

The company’s 50-day moving average price is GBX 0.35 and its 200 day moving average price is GBX 0.33. The stock has a market capitalization of £86.80 million, a PE ratio of -8.75 and a beta of 0.51.

Kodal Minerals (LON:KOD) last released its quarterly earnings results on Friday, December 19th. The company reported GBX (0.18) earnings per share (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.