Kodal Minerals (LON:KOD) Trading 10.3% Higher – Time to Buy?

Kodal Minerals PLC (LON:KODGet Free Report)’s share price was up 10.3% during trading on Wednesday . The stock traded as high as GBX 0.35 and last traded at GBX 0.32. 190,526,938 shares traded hands during trading, an increase of 222% from the average daily volume of 59,196,355 shares. The stock had previously closed at GBX 0.29.

Kodal Minerals Trading Up 9.4%

The business’s 50-day simple moving average is GBX 0.29 and its 200 day simple moving average is GBX 0.31. The company has a market capitalization of £70.98 million, a P/E ratio of -6.42 and a beta of 0.51.

Kodal Minerals (LON:KODGet Free Report) last posted its quarterly earnings data on Friday, August 29th. The company reported GBX (5.45) EPS for the quarter.

About Kodal Minerals

(Get Free Report)

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.

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