Kodal Minerals (LON:KOD) Posts Earnings Results

Kodal Minerals (LON:KOD) announced its quarterly earnings data on Wednesday. The company reported GBX 0.02 earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Kodal Minerals Stock Up 0.4%

Kodal Minerals stock opened at GBX 0.28 on Wednesday. The stock has a 50-day moving average price of GBX 0.28 and a 200 day moving average price of GBX 0.30. The company has a market capitalization of £56.23 million, a price-to-earnings ratio of -5.64 and a beta of 0.18. Kodal Minerals has a 52 week low of GBX 0.22 and a 52 week high of GBX 0.62.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 1.20 price target on shares of Kodal Minerals in a report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 1.20.

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.