Kodal Minerals (LON:KOD) Trading 6.4% Higher - Still a Buy?

Kodal Minerals PLC (LON:KOD - Get Free Report)'s share price was up 6.4% on Monday . The company traded as high as GBX 0.34 ($0.00) and last traded at GBX 0.33 ($0.00). Approximately 22,224,361 shares changed hands during trading, a decline of 55% from the average daily volume of 49,738,742 shares. The stock had previously closed at GBX 0.31 ($0.00).

Analysts Set New Price Targets

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

Kodal Minerals Stock Down 1.0%

The firm has a market capitalization of £58.89 million, a PE ratio of 2,244.43 and a beta of 0.51. The stock's fifty day simple moving average is GBX 0.37 and its 200 day simple moving average is GBX 0.37.

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.