Kodal Minerals (LON:KOD) Receives “Speculative Buy” Rating from Canaccord Genuity Group

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 1 target price on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 227.87% from the stock’s current price.

Kodal Minerals Stock Performance

Shares of Kodal Minerals stock traded up GBX 0.02 on Friday, reaching GBX 0.31. 31,776,109 shares of the company were exchanged, compared to its average volume of 57,622,324. The company’s 50-day moving average is GBX 0.31 and its two-hundred day moving average is GBX 0.31. Kodal Minerals has a 1-year low of GBX 0.22 and a 1-year high of GBX 0.49. The firm has a market cap of £61.86 million, a price-to-earnings ratio of -5.60 and a beta of 0.51.

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