Kodal Minerals (LON:KOD) Shares Down 0.4% – Here’s What Happened

Kodal Minerals PLC (LON:KOD)’s share price fell 0.4% on Monday . The stock traded as low as GBX 0.42 and last traded at GBX 0.46. 6,515,757 shares traded hands during trading, a decline of 95% from the average session volume of 121,125,227 shares. The stock had previously closed at GBX 0.46.

Analyst Upgrades and Downgrades

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

Kodal Minerals Stock Performance

The company has a market capitalization of £91.48 million, a P/E ratio of -9.18 and a beta of 0.51. The company’s fifty day simple moving average is GBX 0.39 and its 200-day simple moving average is GBX 0.34.

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.