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 research analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 1.20 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 336.36% from the company’s current price.

Kodal Minerals Price Performance

Shares of Kodal Minerals stock remained flat at GBX 0.28 during trading hours on Wednesday. The stock had a trading volume of 85,281,867 shares, compared to its average volume of 49,559,391. Kodal Minerals has a twelve month low of GBX 0.22 and a twelve month high of GBX 0.62. The firm has a 50-day simple moving average of GBX 0.28 and a 200-day simple moving average of GBX 0.30. The firm has a market capitalization of £56.03 million, a PE ratio of -5.62 and a beta of 0.18.

Kodal Minerals (LON:KOD) last issued its quarterly earnings results on Wednesday, September 30th. The company reported GBX 0.02 earnings per share 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.