Kodal Minerals (LON:KOD) Releases Quarterly Earnings Results

Kodal Minerals (LON:KOD) issued its earnings results on Wednesday. The company reported GBX 0.02 earnings per share for the quarter, Digital Look Earnings reports.

Kodal Minerals Stock Performance

Shares of LON:KOD opened at GBX 0.28 on Wednesday. Kodal Minerals has a 52-week low of GBX 0.22 and a 52-week high of GBX 0.62. The stock has a market capitalization of £56.23 million, a price-to-earnings ratio of -5.64 and a beta of 0.18. The stock’s 50-day simple moving average is GBX 0.28 and its two-hundred day simple moving average is GBX 0.30.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 1.20 price objective on shares of Kodal Minerals in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 1.20.

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.