Kodal Minerals (LON:KOD) Stock Price Up 17.4% - Should You Buy?

Key Points

• Shares jumped 17.4% to GBX 0.59 on Monday with heavy trading of 219,750,734 shares (an 83% increase versus average), up from a prior close of GBX 0.50.
• Analyst coverage is positive: Canaccord Genuity reiterated a "speculative buy" and a GBX 1 price target, and the consensus rating on MarketBeat is Buy with a GBX 1 target.
• Kodal has a market cap of £118.84M, reported negative EPS (GBX -0.18) and a PE of -11.98, and is focused on the Bougouni Lithium Project in Mali aiming to become a West African spodumene producer.

Kodal Minerals PLC (LON:KOD - Get Free Report)'s share price traded up 17.4% on Monday . The company traded as high as GBX 0.59 and last traded at GBX 0.59. 219,750,734 shares were traded during mid-day trading, an increase of 83% from the average session volume of 119,914,039 shares. The stock had previously closed at GBX 0.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 1 price target on shares of Kodal Minerals in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of GBX 1.

Kodal Minerals Trading Up 17.2%

The stock has a market capitalization of £118.84 million, a PE ratio of -11.98 and a beta of 0.51. The business's 50-day moving average is GBX 0.33 and its two-hundred day moving average is GBX 0.32.

Kodal Minerals (LON:KOD - Get Free Report) last issued its quarterly earnings data on Friday, December 19th. The company reported GBX (0.18) EPS 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.

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