Kodal Minerals PLC (LON:KOD - Get Free Report) shares shot up 10.4% during mid-day trading on Monday . The company traded as high as GBX 0.42 ($0.01) and last traded at GBX 0.41 ($0.01). 99,075,125 shares changed hands during mid-day trading, an increase of 69% from the average session volume of 58,618,508 shares. The stock had previously closed at GBX 0.37 ($0.00).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 1.45 ($0.02) target price on shares of Kodal Minerals in a research report on Thursday, September 26th.
Read Our Latest Research Report on KOD
Kodal Minerals Stock Performance
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 business's 50-day simple moving average is GBX 0.36 and its 200 day simple moving average is GBX 0.46.
Kodal Minerals Company Profile
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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.
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