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

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reissued by equities research analysts at Canaccord Genuity Group in a report released on Friday, MarketBeat Ratings reports. They currently have a GBX 1.20 price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 287.10% from the stock’s current price.

Kodal Minerals Price Performance

Shares of LON:KOD opened at GBX 0.31 on Friday. Kodal Minerals has a 12 month low of GBX 0.22 and a 12 month high of GBX 0.62. The company’s fifty day moving average price is GBX 0.30 and its 200 day moving average price is GBX 0.35. The firm has a market capitalization of £63.16 million, a P/E ratio of -6.34 and a beta of 0.18.

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.