Kodal Minerals (LON:KOD) Shares Up 2.5% - Here's What Happened

Kodal Minerals PLC (LON:KOD - Get Free Report) shot up 2.5% during mid-day trading on Monday . The stock traded as high as GBX 0.36 ($0.00) and last traded at GBX 0.35 ($0.00). 43,408,146 shares were traded during trading, a decline of 27% from the average session volume of 59,129,266 shares. The stock had previously closed at GBX 0.35 ($0.00).

Analysts Set New Price Targets

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

Kodal Minerals Trading Up 2.5 %

The company has a quick ratio of 2.59, a current ratio of 142.38 and a debt-to-equity ratio of 6.01. The company's 50 day moving average price is GBX 0.38 and its two-hundred day moving average price is GBX 0.48.

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.

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