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

Shares of Kodal Minerals PLC (LON:KOD) shot 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). 98,429,531 shares traded hands during trading, an increase of 98% from the average session volume of 49,741,543 shares. The stock had previously closed at GBX 0.39 ($0.01).

Analyst Ratings Changes

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

Kodal Minerals Stock Performance

The stock has a market capitalization of £84.70 million, a price-to-earnings ratio of 3,228.29 and a beta of 0.51. The business has a fifty day simple moving average of GBX 0.39 and a 200 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.