Kodal Minerals (LON:KOD) Given “Speculative Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Kodal Minerals (LON:KOD) in a research note released on Friday morning, Marketbeat reports. The brokerage currently has a GBX 1.20 price objective on the stock.

Kodal Minerals Price Performance

KOD stock opened at GBX 0.31 on Friday. The business has a 50-day moving average price of GBX 0.30 and a 200 day moving average price of GBX 0.35. Kodal Minerals has a 1-year low of GBX 0.22 and a 1-year high of GBX 0.62. The company has a market capitalization of £63.16 million, a P/E ratio of -6.34 and a beta of 0.18.

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.