Kodal Minerals (LON:KOD) Reaches New 1-Year Low – What’s Next?

Kodal Minerals PLC (LON:KOD) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 0.26 ($0.00) and last traded at GBX 0.34 ($0.00), with a volume of 627429250 shares trading hands. The stock had previously closed at GBX 0.39 ($0.01).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 1.45 ($0.02) price target on shares of Kodal Minerals in a report on Thursday, September 26th.

Kodal Minerals Price Performance

The business’s 50 day simple moving average is GBX 0.45 and its 200 day simple moving average is GBX 0.50. The company has a quick ratio of 2.59, a current ratio of 142.38 and a debt-to-equity ratio of 6.01.

About Kodal Minerals

Kodal Minerals PLC, together with its subsidiaries, engages in the exploration and evaluation of mineral resources in the United Kingdom and West Africa. The company explores for lithium and gold deposits. Its flagship project is the Bougouni Lithium project located in Mali. Kodal Minerals PLC was incorporated in 2010 and is based in London, the United Kingdom.