Kodal Minerals (LON:KOD) Shares Down 0.4% – Here’s What Happened

Kodal Minerals PLC (LON:KOD)’s share price dropped 0.4% during trading on Monday . The company traded as low as GBX 0.42 and last traded at GBX 0.46. Approximately 6,515,757 shares traded hands during trading, a decline of 95% from the average daily volume of 121,125,227 shares. The stock had previously closed at GBX 0.46.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 1 price target on shares of Kodal Minerals in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 1.

Kodal Minerals Price Performance

The stock has a 50 day simple moving average of GBX 0.38 and a two-hundred day simple moving average of GBX 0.34. The company has a market cap of £93.31 million, a price-to-earnings ratio of -9.37 and a beta of 0.51.

Kodal Minerals (LON:KOD) last posted its quarterly earnings results 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.