Kodal Minerals (LON:KOD) Stock Keeps “Speculative Buy” Rating at Canaccord Genuity Group

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reissued by investment analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 1.20 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 334.78% from the company’s current price.

Kodal Minerals Stock Performance

KOD stock traded up GBX 0 during trading on Wednesday, hitting GBX 0.28. 82,269,016 shares of the company traded hands, compared to its average volume of 49,543,449. Kodal Minerals has a 1 year low of GBX 0.22 and a 1 year high of GBX 0.62. The company has a 50-day moving average of GBX 0.28 and a 200-day moving average of GBX 0.30. The firm has a market capitalization of £56.23 million, a PE ratio of -5.64 and a beta of 0.18.

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