Kodal Minerals (LON:KOD) Shares Down 9.9% - Here's What Happened

Shares of Kodal Minerals PLC (LON:KOD - Get Free Report) were down 9.9% during trading on Tuesday . The stock traded as low as GBX 0.32 ($0.00) and last traded at GBX 0.32 ($0.00). Approximately 49,593,543 shares changed hands during trading, a decline of 19% from the average daily volume of 61,512,512 shares. The stock had previously closed at GBX 0.36 ($0.00).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 1.45 ($0.02) target price on shares of Kodal Minerals in a research note on Thursday, September 26th.

Kodal Minerals Trading Down 2.8 %

The company has a debt-to-equity ratio of 6.01, a quick ratio of 2.59 and a current ratio of 142.38. The stock's 50-day moving average price is GBX 0.43 and its 200-day moving average price is GBX 0.49.

Kodal Minerals Company Profile

Kodal Minerals PLC, together with its subsidiaries, engages in the exploration and evaluation of mineral resources in the United Kingdom and West Africa. The company explores for lithium and gold deposits. Its flagship project is the Bougouni Lithium project located in Mali. Kodal Minerals PLC was incorporated in 2010 and is based in London, the United Kingdom.