Kodal Minerals (LON:KOD) Given Speculative Buy Rating at Canaccord Genuity Group

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating restated by investment analysts at Canaccord Genuity Group in a report released on Wednesday, Digital Look reports. They currently have a GBX 1.20 price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 328.57% from the company’s current price.

Kodal Minerals Stock Performance

Kodal Minerals stock opened at GBX 0.28 on Wednesday. The company has a market capitalization of £57.04 million, a P/E ratio of -5.73 and a beta of 0.18. Kodal Minerals has a fifty-two week low of GBX 0.22 and a fifty-two week high of GBX 0.62. The stock has a 50-day simple moving average of GBX 0.28 and a 200-day simple moving average of GBX 0.30.

Kodal Minerals (LON:KOD) last posted its quarterly earnings data on Wednesday, September 30th. The company reported GBX 0.02 earnings per share for the quarter.

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.