Kodal Minerals (LON:KOD) Stock Price Down 9.4% – What’s Next?

Kodal Minerals PLC (LON:KOD) shares fell 9.4% during mid-day trading on Thursday. The company traded as low as GBX 0.29 and last traded at GBX 0.30. 50,860,918 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 50,782,090 shares. The stock had previously closed at GBX 0.33.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 1.20 price objective on shares of Kodal Minerals in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 1.20.

Kodal Minerals Stock Down 9.4%

The firm has a market cap of £61.12 million, a P/E ratio of -6.13 and a beta of 0.18. The company’s 50 day simple moving average is GBX 0.28 and its 200-day simple moving average is GBX 0.30.

Kodal Minerals (LON:KOD) last released its earnings results on Wednesday, September 30th. The company reported GBX 0.02 EPS for the quarter.

About Kodal Minerals

Kodal Minerals plc, the AIM-quoted West African lithium explorer, developer and producer, is the co-developer of its flagship Bougouni Lithium Project in Southern Mali alongside joint venture partner Hainan Mining, a subsidiary of Hong Kong-listed Fosun International.

The Bougouni Lithium Project covers 350km² in the world-class Birimian terrain of West Africa, located approximately 180km south of Mali’s capital Bamako. The Stage 1 Dense Media Separation (‘DMS’) processing plant, which achieved first spodumene concentrate production in February 2025, has a target output of 125ktpa Li₂O spodumene concentrate.