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

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reissued by research analysts at Canaccord Genuity Group in a note issued to investors on Friday,London Stock Exchange 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 287.10% from the company’s current price.

Kodal Minerals Trading Up 6.9%

Shares of LON KOD opened at GBX 0.31 on Friday. The firm has a market cap of £63.16 million, a price-to-earnings ratio of -6.34 and a beta of 0.18. The stock has a fifty day simple moving average of GBX 0.30 and a two-hundred day simple moving average of GBX 0.35. Kodal Minerals has a 1-year low of GBX 0.22 and a 1-year high of GBX 0.62.

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.