Canaccord Genuity Group Reaffirms “Speculative Buy” Rating for Kodal Minerals (LON:KOD)

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating restated by analysts at Canaccord Genuity Group in a research note issued on Thursday, MarketBeat.com reports. They presently have a GBX 1 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 185.71% from the stock’s current price.

Kodal Minerals Trading Up 6.1%

LON KOD opened at GBX 0.35 on Thursday. The firm has a market capitalization of £70.98 million, a P/E ratio of -7.16 and a beta of 0.51. The firm’s fifty day moving average price is GBX 0.31 and its two-hundred day moving average price is GBX 0.32. Kodal Minerals has a 1 year low of GBX 0.22 and a 1 year high of GBX 0.47.

Kodal Minerals (LON:KOD) last announced its quarterly earnings data on Friday, December 19th. The company reported GBX (0.18) EPS for the quarter.

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.