Kodal Minerals (LON:KOD) Stock Price Up 6.2% – Here’s What Happened

Shares of Kodal Minerals PLC (LON:KOD) traded up 6.2% on Tuesday . The stock traded as high as GBX 0.34 and last traded at GBX 0.32. 16,915,809 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 57,336,258 shares. The stock had previously closed at GBX 0.31.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 1 target price on shares of Kodal Minerals in a research report on Friday, December 26th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 1.

Kodal Minerals Trading Down 1.8%

The stock has a market cap of £65.71 million, a PE ratio of -5.94 and a beta of 0.51. The business’s 50-day moving average price is GBX 0.31 and its 200-day moving average price is GBX 0.31.

Kodal Minerals (LON:KOD) last announced its earnings results on Friday, December 19th. The company reported GBX (0.18) 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.