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Kodal Minerals (LON:KOD) Trading 9.7% Higher - Time to Buy?

Kodal Minerals logo with Basic Materials background

Key Points

  • Kodal Minerals PLC shares saw a significant rise of 9.7% on Wednesday, reaching a last traded price of GBX 0.32 despite a sharp decline in trading volume.
  • The company has a market capitalization of £64.49 million and reported an earnings per share of GBX (5.45) for the last quarter.
  • Kodal Minerals aims to be the first West African producer of lithium spodumene with its Bougouni Lithium Project located in Mali, contributing to the global green energy transition.
  • Interested in Kodal Minerals? Here are five stocks we like better.

Kodal Minerals PLC (LON:KOD - Get Free Report) shares traded up 9.7% on Wednesday . The company traded as high as GBX 0.32 ($0.00) and last traded at GBX 0.32 ($0.00). 13,252,041 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 55,457,211 shares. The stock had previously closed at GBX 0.29 ($0.00).

Kodal Minerals Price Performance

The stock has a market capitalization of £64.49 million, a PE ratio of -583.49 and a beta of 0.51. The stock's 50 day simple moving average is GBX 0.34 and its two-hundred day simple moving average is GBX 0.33.

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

(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.

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