Kodal Minerals (LON:KOD) Stock Price Up 18.3% - Here's What Happened

Key Points

• Kodal Minerals PLC shares rose 18.3% during trading, reaching a high of GBX 0.43 ($0.01) and closing at GBX 0.42 ($0.01), with a trading volume increase of 41% compared to its average.
• The company reported a quarterly earnings per share (EPS) of GBX (5.45) on August 29th, indicating ongoing financial challenges.
• Kodal Minerals aims to become the first West African producer of lithium spodumene, positioning itself as a significant player in the critical minerals market for the global green energy transition.

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price was up 18.3% during mid-day trading on Thursday . The stock traded as high as GBX 0.43 ($0.01) and last traded at GBX 0.42 ($0.01). Approximately 75,615,500 shares were traded during trading, an increase of 41% from the average daily volume of 53,474,020 shares. The stock had previously closed at GBX 0.36 ($0.00).

Kodal Minerals Trading Down 5.6%

The company has a 50 day moving average of GBX 0.33 and a 200 day moving average of GBX 0.34. The firm has a market cap of £67.94 million, a price-to-earnings ratio of -614.68 and a beta of 0.51.

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

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.