Kodal Minerals (LON:KOD) Hits New 1-Year Low - Here's What Happened

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 0.23 ($0.00) and last traded at GBX 0.25 ($0.00), with a volume of 160421141 shares traded. The stock had previously closed at GBX 0.26 ($0.00).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 1 ($0.01) target price on shares of Kodal Minerals in a report on Tuesday, February 11th.

Kodal Minerals Trading Up 8.9%

The company's 50 day moving average price is GBX 0.34 and its two-hundred day moving average price is GBX 0.37. The firm has a market cap of £54.45 million, a PE ratio of 2,075.33 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.