Kodal Minerals’ (KOD) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Kodal Minerals (LON:KOD) in a research report report published on Tuesday, MarketBeat.com reports. They currently have a GBX 1 ($0.01) price target on the stock.

Kodal Minerals Price Performance

Shares of Kodal Minerals stock opened at GBX 0.40 ($0.01) on Tuesday. The firm has a market cap of £80.67 million, a P/E ratio of 3,074.56 and a beta of 0.51. The firm has a 50 day simple moving average of GBX 0.40 and a 200 day simple moving average of GBX 0.43. Kodal Minerals has a fifty-two week low of GBX 0.26 ($0.00) and a fifty-two week high of GBX 0.68 ($0.01).

Kodal Minerals (LON:KOD) last issued its quarterly earnings results on Monday, December 23rd. The company reported GBX (0.01) ($0.00) earnings per share 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.