Kodal Minerals (LON:KOD) Stock Price Down 9.1% – What’s Next?

Kodal Minerals PLC (LON:KOD) was down 9.1% on Monday . The company traded as low as GBX 0.26 and last traded at GBX 0.30. Approximately 125,107,250 shares changed hands during trading, an increase of 57% from the average daily volume of 79,597,789 shares. The stock had previously closed at GBX 0.33.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 1 price target on shares of Kodal Minerals in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 1.

Kodal Minerals Stock Down 9.1%

The stock has a market cap of £61.12 million, a PE ratio of -6.13 and a beta of 0.30. The company has a fifty day moving average price of GBX 0.35 and a 200 day moving average price of GBX 0.35.

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.