Kodal Minerals (LON:KOD) Given Speculative Buy Rating at Canaccord Genuity Group

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 1 ($0.01) target price on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 138.66% from the stock’s previous close.

Kodal Minerals Stock Up 5.8 %

Shares of LON KOD opened at GBX 0.42 ($0.01) on Tuesday. Kodal Minerals has a 1 year low of GBX 0.26 ($0.00) and a 1 year high of GBX 0.68 ($0.01). 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 stock’s 50-day simple moving average is GBX 0.39 and its 200-day simple moving average is GBX 0.43.

Kodal Minerals (LON:KOD) last released its quarterly earnings results on Monday, December 23rd. The company reported GBX (0.01) ($0.00) earnings per share for the quarter.

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.