Canaccord Genuity Group Reiterates Speculative Buy Rating for Kodal Minerals (LON:KOD)

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reissued by stock analysts at Canaccord Genuity Group in a report released on Friday,London Stock Exchange reports. They currently have a GBX 1 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 227.87% from the company’s previous close.

Kodal Minerals Stock Performance

LON KOD opened at GBX 0.31 on Friday. Kodal Minerals has a fifty-two week low of GBX 0.22 and a fifty-two week high of GBX 0.49. The firm’s fifty day moving average price is GBX 0.31 and its two-hundred day moving average price is GBX 0.31. The stock has a market cap of £61.86 million, a PE ratio of -5.60 and a beta of 0.51.

Kodal Minerals (LON:KOD) last released its quarterly earnings data on Friday, December 19th. The company reported GBX (0.18) EPS for the quarter.

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.