Free Trial

Kodal Minerals (LON:KOD) Shares Down 5.2% - Here's Why

Kodal Minerals logo with Basic Materials background

Key Points

  • Kodal Minerals' shares fell by 5.2% on Tuesday, with the stock closing at GBX 0.31 after a trading low of GBX 0.30.
  • The company reported a quarterly earnings loss of GBX (5.45) per share and has a market capitalization of £63.28 million.
  • Kodal Minerals aims to be the first producer of lithium spodumene in West Africa, focusing on its flagship Bougouni Lithium Project in southern Mali.
  • MarketBeat previews the top five stocks to own by October 1st.

Kodal Minerals PLC (LON:KOD - Get Free Report)'s share price fell 5.2% on Tuesday . The stock traded as low as GBX 0.30 ($0.00) and last traded at GBX 0.31 ($0.00). 58,983,031 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 55,551,453 shares. The stock had previously closed at GBX 0.33 ($0.00).

Kodal Minerals Trading Down 4.3%

The company has a market cap of £63.28 million, a PE ratio of -572.48 and a beta of 0.51. The firm has a 50 day moving average of GBX 0.34 and a two-hundred day moving average of GBX 0.34.

Kodal Minerals (LON:KOD - Get Free Report) last posted its quarterly earnings results on Friday, August 29th. The company reported GBX (5.45) earnings per share for the quarter.

Kodal Minerals Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Kodal Minerals Right Now?

Before you consider Kodal Minerals, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kodal Minerals wasn't on the list.

While Kodal Minerals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.