Kodal Minerals (LON:KOD) Sets New 12-Month High – Here’s What Happened

Kodal Minerals PLC (LON:KOD) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 0.47 and last traded at GBX 0.46, with a volume of 281028000 shares traded. The stock had previously closed at GBX 0.40.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 1 price target on shares of Kodal Minerals in a report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 1.

Kodal Minerals Stock Up 12.9%

The business’s fifty day moving average is GBX 0.32 and its 200-day moving average is GBX 0.32. The stock has a market capitalization of £92.28 million, a PE ratio of -9.30 and a beta of 0.51.

Kodal Minerals (LON:KOD) last announced its quarterly 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.