Kodal Minerals (LON:KOD) Trading Up 6.2% – Should You Buy?

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

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 1 target price on shares of Kodal Minerals in a research note on Friday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Kodal Minerals has a consensus rating of “Buy” and an average price target of GBX 1.

Kodal Minerals Price Performance

The company’s 50-day moving average is GBX 0.31 and its 200-day moving average is GBX 0.31. The firm has a market capitalization of £65.71 million, a price-to-earnings ratio of -5.94 and a beta of 0.51.

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

Kodal Minerals Company Profile

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.