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Kodal Minerals (LON:KOD) Stock Price Up 12.5% - Time to Buy?

Kodal Minerals logo with Basic Materials background

Key Points

  • Kodal Minerals' stock price rose by 12.5% during mid-day trading, reaching a high of GBX 0.38 before closing at GBX 0.36.
  • The company has a market capitalization of £72.60 million and a high price-to-earnings (PE) ratio of 2,767.10, indicating a strong market interest despite low profitability.
  • Kodal Minerals aims to be the first producer of lithium spodumene in West Africa through its flagship Bougouni Lithium Project located in Southern Mali.
  • Need better tools to track Kodal Minerals? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price shot up 12.5% during mid-day trading on Monday . The company traded as high as GBX 0.38 ($0.01) and last traded at GBX 0.36 ($0.00). 117,551,055 shares changed hands during trading, an increase of 119% from the average session volume of 53,582,137 shares. The stock had previously closed at GBX 0.32 ($0.00).

Kodal Minerals Stock Performance

The firm has a market cap of £72.60 million, a PE ratio of 2,767.10 and a beta of 0.51. The stock has a fifty day moving average price of GBX 0.30 and a 200-day moving average price of GBX 0.35.

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.

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