Kodal Minerals (LON:KOD) Trading Up 8.5% – What’s Next?

Kodal Minerals PLC (LON:KOD) shares were up 8.5% on Monday . The company traded as high as GBX 0.42 ($0.01) and last traded at GBX 0.42 ($0.01). Approximately 98,429,531 shares traded hands during trading, an increase of 98% from the average daily volume of 49,741,543 shares. The stock had previously closed at GBX 0.39 ($0.01).

Wall Street Analyst Weigh In

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

Kodal Minerals Stock Down 4.4 %

The firm has a market cap of £79.05 million, a PE ratio of 3,013.07 and a beta of 0.51. The company has a 50-day simple moving average of GBX 0.39 and a two-hundred day simple moving average of GBX 0.40.

About Kodal Minerals

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.