Kodal Minerals’ (KOD) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reissued by equities research analysts at Canaccord Genuity Group in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 1.20 price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 287.10% from the company’s previous close.

Kodal Minerals Price Performance

Kodal Minerals stock opened at GBX 0.31 on Friday. Kodal Minerals has a 1-year low of GBX 0.22 and a 1-year high of GBX 0.62. The firm has a market capitalization of £63.16 million, a P/E ratio of -6.34 and a beta of 0.18. The company’s 50-day moving average is GBX 0.30 and its 200 day moving average is GBX 0.35.

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.