Kodal Minerals’ (KOD) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of Kodal Minerals (LON:KOD) in a research report sent to investors on Wednesday,Digital Look reports. They currently have a GBX 1.20 price target on the stock.

Kodal Minerals Price Performance

Shares of LON KOD opened at GBX 0.30 on Wednesday. The business has a fifty day moving average price of GBX 0.34 and a two-hundred day moving average price of GBX 0.35. Kodal Minerals has a fifty-two week low of GBX 0.22 and a fifty-two week high of GBX 0.62. The stock has a market capitalization of £61.12 million, a PE ratio of -6.13 and a beta of 0.27.

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.