Kodal Minerals (LON:KOD) Announces Earnings Results

Key Points

• Kodal Minerals reported an earnings per share (EPS) of GBX 5.45 for the latest quarter, reflecting significant activity despite the company's overall low P/E ratio of 2,574.94.
• The company's stock rose by 8.1% following the earnings announcement, highlighting positive market reaction to the results.
• Kodal aims to be the first producer of lithium spodumene in West Africa, focusing on its Bougouni Lithium Project located in Southern Mali.

Kodal Minerals (LON:KOD - ) posted its quarterly earnings data on Friday. The company reported GBX (5.45) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Kodal Minerals Stock Up 8.1%

KOD opened at GBX 0.34 on Friday. The business has a fifty day moving average of GBX 0.32 and a 200 day moving average of GBX 0.34. Kodal Minerals has a 52-week low of GBX 0.23 and a 52-week high of GBX 0.55. The stock has a market cap of £67.56 million, a P/E ratio of 2,574.94 and a beta of 0.51.

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.

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