Canaccord Genuity Group Reaffirms Speculative Buy Rating for Kodal Minerals (LON:KOD)

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating restated by equities researchers at Canaccord Genuity Group in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 1 price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 185.71% from the stock’s current price.

Kodal Minerals Price Performance

Shares of Kodal Minerals stock traded up GBX 0.02 during trading on Thursday, hitting GBX 0.35. 24,453,893 shares of the company’s stock traded hands, compared to its average volume of 37,080,320. The company has a market cap of £70.98 million, a PE ratio of -7.16 and a beta of 0.51. The firm’s fifty day moving average price is GBX 0.31 and its 200 day moving average price is GBX 0.31. Kodal Minerals has a twelve month low of GBX 0.22 and a twelve month high of GBX 0.47.

Kodal Minerals (LON:KOD) last released its quarterly earnings data 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.