Kodal Minerals (LON:KOD) Reaches New 12-Month Low – What’s Next?

Kodal Minerals PLC (LON:KOD) reached a new 52-week low on Tuesday . The stock traded as low as GBX 0.23 ($0.00) and last traded at GBX 0.25 ($0.00), with a volume of 160421141 shares trading hands. The stock had previously closed at GBX 0.26 ($0.00).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 1 ($0.01) price target on shares of Kodal Minerals in a research note on Tuesday, February 11th.

Kodal Minerals Stock Down 4.6%

The company has a market cap of £50.01 million, a PE ratio of 1,906.23 and a beta of 0.51. The stock’s 50 day simple moving average is GBX 0.34 and its two-hundred day simple moving average is GBX 0.37.

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.