Kodal Minerals (LON:KOD) Receives Speculative Buy Rating from Canaccord Genuity Group

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reiterated by Canaccord Genuity Group in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 1.20 price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 275.00% from the company’s previous close.

Kodal Minerals Stock Performance

Shares of LON:KOD remained flat at GBX 0.32 on Wednesday. 43,063,777 shares of the stock were exchanged, compared to its average volume of 77,960,563. Kodal Minerals has a fifty-two week low of GBX 0.22 and a fifty-two week high of GBX 0.62. The company has a market capitalization of £65.19 million, a price-to-earnings ratio of -6.54 and a beta of 0.30. The stock’s fifty day simple moving average is GBX 0.34 and its 200-day simple moving average is GBX 0.35.

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.